Depreciation rates for fy 2014-15

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Nirja (Querist)
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15 March 2015 I want to know what are the rates of depreciation to be charged foe the finalcial year 2014-15 and if new rates as per companies act 2013 then the charge of depreciation is with retrospective or prospective effect.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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15 March 2015 It is prospectively from 01.04.2014 but new depreciation rate and useful life to be applied to existing assets as well.

Depreciation rate as per CA 2013 may be seen from link

https://www.caclubindia.com/share_files/depreciation-rate-chart-59179.asp#.VDkhgPmSzUs