Depreciation
This query is : Resolved
07 August 2015
What about Depreciation rate of an asset costing less than Rs. 5000/- as per Companies Act 2013?
07 August 2015
http://taxguru.in/company-law/rates-depreciation-companies-act-2013.html
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07 August 2015
No separate rate. Has to be depreciated as per schedule II. However, the company can choose an accounting policy, if they so wish, to depreciate fully in the year of purchase.
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07 August 2015
Thank You for quick replay..
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