Depreciation at a lesser rate

Tax queries 232 views 1 replies

Can a company can charge depreciation @ 25% instead of 80% on machinery (power plant undertakings)

 

 

Replies (1)

Dear Munaga Suman rates specified schedule II of the comanies act 2013 are minimum rates and company can charge higher rate of depreciation than rates specified in Schedule II of the comapnies act,2013 


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