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Depreciation as per schedule ii of the companies act
WHETHER DEPRECIATION AS PER SCHEDULE II OF THE COMPANIES ACT 2013 IS MANDATORY FOR THE FINANCIAL YEAR 2014-15
Replies (3)
As it has been stressed that WDV as on 31.03.14 itself clearly exhibits that its mandatory.
Dear,
for the FY 14-15 it is voluntary (Swaikshik) as per your choice (see the attached notification
but it is mandatory from 01.04.2015
I have made a Calculator which helps to Calculate Depreciation as per transitional provisions of the Schedule II of the companies Act 2013 .
Download the Attached file.
(Make sure you have macros enabled while working on a sheet.
It is quite Simple,Precise,User Friendly.
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