Companies act has defined the rates for depreciation. Can depreciation be calculated with the help of rates different from the rates given in the act?
10 Replies
Manoj
(Article Assisstant)
(25 Points)
Replied 24 June 2007
Yes Mr. Singh you can apply other rates. But it should be higher than the companies act rates, because act says minimum rates to applied is so much. A note in the accounts to be given for the rates applied.Hope this clears your doubt?
jigish
(accountant)
(36 Points)
Replied 22 October 2007
i want the depericiation rate as per companies act how can i get.
jigish
(accountant)
(36 Points)
Replied 22 October 2007
i want the depericiation rate as per companies act how can i get.
Vijay K. Agrawal
(Service)
(608 Points)
Replied 26 October 2007
rates are define in schedule 14 to the company act.
Eswar
(Acountant)
(21 Points)
Replied 21 September 2010
Can any body send me the Depreciation Retes as per Comapnie's ACT & Income Tax Act ?
Eswar.C
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