Dear Friends,
The company deals in preparing headlights bulbs of car.
I want to know if "Dyes and Moulds" are liable for depriciation (Schedule 14) according to the Companies Act 1956.
Please reply me as soon as possible.
Thanks.
Krupa Shah (Article) (33 Points)
03 February 2012Dear Friends,
The company deals in preparing headlights bulbs of car.
I want to know if "Dyes and Moulds" are liable for depriciation (Schedule 14) according to the Companies Act 1956.
Please reply me as soon as possible.
Thanks.
Giridhar S Karandikar
(Team Lead)
(7543 Points)
Replied 05 February 2012
Yes they are eligible for depreciation under the co's Act @ 16.2% under SLM & 5.6% under WDV method
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