Menu
Urgent query - depreciation method for f.y 14-15
sir/madam,
If a co follows i.t depr rate as its depr method for accounts purpose also ( not depr method as per Co act'56) til 31.03.2014 , so whether the co can continue with the old practice or it has to follow Co act'13????
Thanks in advance
Replies (1)
Company can not follow old practice..it has to follow provisions of companies act 2013...
Reason being,old co. Act provides for minimum rate of depriciation...but in new act ,there is no concept of rate..rather thr is concept of useful life...
So i guess old method won't work nw
Recent Topics :
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
Related Topics :
CAclubindia
