whats is rate of depriciation on books as per companies act 1956 ?
Dericiation rates as per companies ACT 1956
CA Saroj Kumar (Keen to learn something new every moments) (2588 Points)
12 March 2011CA Saroj Kumar (Keen to learn something new every moments) (2588 Points)
12 March 2011whats is rate of depriciation on books as per companies act 1956 ?
Devendra
(Chartered Accountant)
(4775 Points)
Replied 12 March 2011
I think so it should be 40% as per SLM method in Companies Act, 1956.
Regards,
Devendra Kulkarni