Depreciation as per companies act

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Rajendra Mehta (Querist)
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29 July 2014 Dear sir,

Please reply whether depreciation is allowed in the year of sale of asset ? proportionately.
And what are the new Deprecaition rates as per companies Act 2013.

Thanks

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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29 July 2014 Yes depreciation to be taken on Assets till the date of sale on days basis under Companies Act 1956.

Depreciation rates as per CA 2013--

https://caclubindia.s3.amazonaws.com/cdn/files0512/496179_59179_depreciation_rate_chart_companies_act_2013.pdf

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