Dear Friends,
If in a book of company rates of depreciation is lower than Sch xiv and now company want to change the same and bring it to the rates as per Sch xiv. Now the Question is whether change in rates will lead to retrospective effect or prospective effect in books?
Please for refrence also post the content (AS, GN, Circular, or any other matter) which support the answer
Reply soon.....
Waiting for the response............. :)
CAclubindia
