Depreciation as per companies act 2013

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 April 2015 Can any one tell me what is the effective date of the applicability of provisions as per new Companies Act? And if they are applicable please send me the link where I can study every provision related to depreciation with certain practical examples... Thank you

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
Follow

23 April 2015 It is applicable from 01.04.2014...

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
Follow

23 April 2015 Just write in google depreciation as per companies act 13

Read two to three links for full understanding

Upgrade to CAclubindia Pro. Subscribe Now!

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

23 April 2015 Depreciation as per Schedule II of Companies Act 2013 is applicable for all companies from 01.04.2014. See MCA General Circular 08/2014 dated 04.04.2014 from link given below:

http://www.mca.gov.in/Ministry/pdf/General_Circular_8_2014.pdf

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

23 April 2015 Check out Application Guide on the provisions of Schedule II to the Companies Act 2013 by Corporate Laws & Corporate Governance Committee of ICAI from link given below:

http://220.227.161.86/37329clcgc27675.pdf

Message likes : 1 times

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

23 April 2015 Check out rates from link given below:

https://www.caclubindia.com/files0512/496179_59179_depreciation_rate_chart_companies_act_2013.pdf

Also Check out files from links given below:

https://www.caclubindia.com/files0512/160320_66209_depreciation__summary.pdf

https://www.caclubindia.com/files0512/1415307_66291_depreciation.pdf