Depreciation under co. act-2013

This query is : Resolved 

23 April 2015 Is it mandatory to apply depreciation for F/y 2014-2015 as per company act,2013 ?

If the answer is yes, how to calculate

23 April 2015 yes it i s mandatory from 01.04.2014

23 April 2015 http://taxguru.in/company-law/rates-depreciation-companies-act-2013.html

http://taxguru.in/company-law/depreciation-companies-act-2013-practical-approach.html


23 April 2015 Mandatory. 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

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



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


Check out rates from link given below:

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



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