Depreciation as per schedule ii

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student
224 Points Posted on 25 March 2014

Dear All!

Kindly clarify whether the applicability of Depreciation as per Schedule II of New Companies Act, 2013 is prospective or with retrospective effect?

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On 25 March 2014 at 10:20 Report
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Practising Company Secretary
12562 Points Posted on 25 March 2014

Hi,

 

The same has not been made applicable as yet....so wait for any clarifications or notifications in this regard from the MCA....

 

Regards

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On 25 March 2014 at 10:36
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student
224 Points Posted on 25 March 2014

Dear Vandana!

Even though the schedule is not yet notified, is it advisable to implement from 13-14 itself?

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On 25 March 2014 at 10:59

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