How can a Company charge depreciation at the rates more than that specified in Schedule XIV. When Section 350 is silent about.
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Companies Act - Depreciation
Replies (4)
sch XIV lists down minumum rates which should be applied for the assets specified.. so a company can charge higher rates as per useful life of the asset according to AS 6.
hope dat solves your query..
schedule XIV rate are MINIMUM RATE so co can claim dapreciation above minimum rate
agree with pritesh
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