Depriciation under companies act 2013

We are small company as per companies act 2013

& follows company's act 1956 uptill now in charging depreciation. Now we want to follow new companies act 2013 regarding charging of depriciation for the financial year 2016-17. What should we do? & what will be the impact of depreciation over or undercharged in the books of accounts. ?

Please guide me the best in this regards.

j

 

Replies (1)
small companies r basically whuch hv turnovr upto 5 cr. and can pay tax at 29% instead of 30% ,
further if in fy 2015-16 the turnovr was below 50cr thn they cn paybtax at 25%,

REGARDING depreciation, u ll hv to recalculate as per companies act 2013 and then provide for extra undercharged amounts in cy..

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 17 August 2026
Article Assistant

Jain Ankit and Co

Gurgaon

CA Inter

View Details
Company
21 August 2026
Accountant

A G International

Kolkata

B.Com

View Details
Company
Featured 19 August 2026
Chartered Accountant

apricus india

Pune

CA

View Details
Company
Featured 06 August 2026
Junior Accounting Associate

Prish Consultancy LLP

New Delhi

B.Com

View Details
Company
11 August 2026
Chartered Accountant

Aviv Global Pvt Ltd

Ahmedabad

CA

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details
Company
21 August 2026
Finance Manager

Resollect Technologies Pvt Ltd

Mumbai

CA

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details