Can depreciation be lower than what is prescribed in schedule II for any company ?
Govt. has substituted only sub clause (i) to clause 3 vide notification dated 29.08.2014 whereas sub clause (ii) (restricting depreciation to minimum) is still there.
Menu
Depreciation less than schedule ii
Replies (1)
No i don't think depreciation can be lower than what is prescribed in companies act...a company may charge higher rate of depreciation but not lower..
Recent Topics :
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
- ROC FILINGS FY2025-26
- Mismatch in 26AS
- How Can a Trader Utilise Approximately ₹1.20
- How Can Law Students Present Papers at Conferences
Related Topics :
CAclubindia
