Depreciation on fixed asset
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 May 2014
SIR,
I HAVE GONE THROUGH THE ANNUAL REPORT OF RELIANCE INDUSTRIES LIMITED FOR THE F.Y.2013-14
SIR AS PER NOTES TO ACCOUNTS DEPRECIATION ON FIXED ASSET HAVE BEEN PROVIDED AT THE RATES MENTIONED IN SCHEDULE XIV OF THE COMPANIES ACT 1956
SIR WHY DEPRECIATION HAS NOT BEEN CHARGED AT THE RATES MENTIONED IN SCHEDULE II OF THE COMPANIES ACT 2013
SIR PLEASE GUIDE ME
I HAVE GONE THROUGH THE ANNUAL REPORT OF RELIANCE INDUSTRIES LIMITED FOR THE F.Y.2013-14
SIR AS PER NOTES TO ACCOUNTS DEPRECIATION ON FIXED ASSET HAVE BEEN PROVIDED AT THE RATES MENTIONED IN SCHEDULE XIV OF THE COMPANIES ACT 1956
SIR WHY DEPRECIATION HAS NOT BEEN CHARGED AT THE RATES MENTIONED IN SCHEDULE II OF THE COMPANIES ACT 2013
SIR PLEASE GUIDE ME
24 May 2014
It's as per law of the land.
Check Ministry of Corporate Affairs requirequirements. http://www.mca.gov.in/Ministry/latestnews/Explanatory_Statement_alongwith_Schedule_XIV_4dec2008.pdf
Check Ministry of Corporate Affairs requirequirements. http://www.mca.gov.in/Ministry/latestnews/Explanatory_Statement_alongwith_Schedule_XIV_4dec2008.pdf
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 May 2014
SIR,
FOR THE F.Y. 2013-14 DEPRECIATION SHOULD BE CHARGED AS PER SCHEDULE II OF THE COMPANIES ACT 2013 INSTEAD OF SCHEDULE XIV OF THE COMPANIES ACT 1956
FOR THE F.Y. 2013-14 DEPRECIATION SHOULD BE CHARGED AS PER SCHEDULE II OF THE COMPANIES ACT 2013 INSTEAD OF SCHEDULE XIV OF THE COMPANIES ACT 1956
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