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 Topic
- Itr schema a.y 26-27 v/s form no.16
- Advance Tax for senior citizen with small speculat
- Zero income tax on Capital Gain on sale of house p
- Rental income calculation for 12months
- PF Withdrawal before completing 5 years
- Discrepancy in "Processed By Source" and
- Dilemma of Indian Dependant Housewives
- TDS console file not open in RPU 1.1
- ITR 3: BFLA schedule not correct
- Dividend on foreign stocks in ITR2
Related Topics
CAclubindia
