Depreciation for unspecified asset

95% of the value of F.A.

as per Comp. Act

Thanks Praveen. 

Where it is mentioned in Companies Act. ?

as per section 205(2)

95% of asset / life of asset. 

But I think its only for the purpose of declaring dividend. 

As it is written " For the purpose of sub section (1). 

Is that section applicable, generally too ?

yes..very much.. no where we can find provisions exclusively for depreciation.. even for the purposes of declaring dividend u need to follow schedule XiV or any other manner as specified.