Depreciation

Souvik Kumar Ghosh (CA Final) (1368 Points)

11 June 2012  

A Pvt co used to charge depreciation under wdv method using income tax rates, now it wants to charge depreciation using rates provided under the companies act. Does it constitute a change in accounting policy? How will the difference arising from retrospective calculation be treated under the revised sch-VI? What additional disclosures are required fro the same..

Regards,