06 May 2014
SIR, A LIMITED COMPANY IS CHARGING DEPRECIATION ON ITS VARIOUS FIXED ASSET ON W.D.V METHOD AT THE RATES MENTIONED IN SCHEDULE XIV FOR THE LAST SEVERAL YEARS SIR I AM NOT CLEAR THAT FOR THE CURRENT F.Y 2013-14 HOW THE DEPRECIATION WILL BE CHARGED UNDER THE NEW COMPANIES ACT 2013 SIR, PLEASE GUIDE ME
for rates, refer page 259 of http://www.mca.gov.in/Ministry/pdf/CompaniesAct2013.pdf
Querist :
Anonymous
Querist :
Anonymous
(Querist)
07 May 2014
sir, if a company is charging depreciation @13.91% on plant and machinery and the W.D.V is Rs.150000/- sir what will be the amount of depreciation for the current F.Y. 2013-14