Company Law : Learn how to calculate depreciation as per Companies Act, 2013. Understand the formula and useful life for accurate depreciation c...
CA, CS, CMA : Depreciation as per written down value method (WDV) has been under the spotlight after the introduction of the Companies Act, 2013...
Company Law, Income Tax : Some Key Features of Depreciation cum Asset Management Utility in Excel Format are as follows:- Line wise SLM and WDV Depreci...
Income Tax : The Calculator is in Excel Format and it helps in Calculating depreciation as per Rates Prescribed under Rule 5 of Income Tax Rule...
Company Law : The Companies Act, 2013 requires companies to compute the depreciation in accordance with the Schedule II to the Companies Act whi...
Company Law : Key Features of Fixed Asset Management Tool with Depreciation Calculator for Companies ♦ Line wise SLM and WDV Depreciation as p...
Income Tax : whether the non-filing of prescribed Form No.62 for the third Assessment Year is restrict the Assessee to carry forward losses und...
Income Tax : The issue under consideration is whether the depreciation at the rate of 60% will be allowed for computer related software?...
Income Tax : Whether CIT is correct in allowing expenditure on advertisement & sales promotion of product & brand promotion by considering it a...
Income Tax : High Court states that so long as functions of the computers are performed with other functions and other functions are dependant ...
Income Tax : The issue under consideration is whether the assessee is correct in claiming depreciation on customer list and goodwill by conside...
Companies Act Depreciation Calculator from 2014 to 2074 and so on with all Future Year Depreciation As per Schedule II of the Companies Act, 2013, depreciation needs to be calculated based on useful life of assets as per either straight line method(SLM) or written down value(WDV) method. Further, in the notes to the accounts, it […]
The issue under consideration is whether the CIT(A) is correct in charging depreciation at the rate of 30% on wheel loaders and graders?
Depreciation as per written down value method (WDV) has been under the spotlight after the introduction of the Companies Act, 2013. Schedule II of the act mandates to provide depreciation as per useful life of assets using either straight line method or written down value method. This article is on Application of Time Value of […]
Some Key Features of Depreciation cum Asset Management Utility in Excel Format are as follows:- Line wise SLM and WDV Depreciation, as per Companies Act 2013, Calculation of Depreciation under the Income Tax Act, Ready made Schedules for Balance Sheet and P&L, Calculates Depreciation for any number of Years in the future. Conversion from Old Companies Act 1956 and charge to Retained Earnings. Calculation of Extra shift charge of Depreciation, Users can customize the Useful life, and can change […]
The Calculator is in Excel Format and it helps in Calculating depreciation as per Rates Prescribed under Rule 5 of Income Tax Rules Read with Section 32 of Income Tax Act, 1961. The Calculator is easy to use and determine depreciation rate and depreciation automatically. User have to just input Name of the Assets , […]
The Companies Act, 2013 requires companies to compute the depreciation in accordance with the Schedule II to the Companies Act which provides useful lives to compute the depreciation. Accordingly, provisions governing charge of depreciation in the erstwhile Schedule XIV to the Companies Act, 1956 have been replaced with Schedule II to the Companies Act, 2013.
Earlier, the depreciation on fixed assets of companies are regulated by Schedule XIV of Companies Act, 1956 along with Accounting Standard 6 and guidelines issued by ICAI. The positions has been changed from Financial Year 2014-15, which has created curiosities in various professional. The ICAI has issued guidance for clarification of various provisions of Schedule II.
Automated excel utility for calculating depreciation as per Companies Act,2013(Schedule II). Features of the utility: 1.It can calculate individual asset WDV as on 01.04.2014 as well as current year depreciation. 2.It is useful for SLM method and only for other than specific industries (i,.e. for SME only) 3.Compatible in MS Office 2010 and upwards only. […]
Krishna, it is said that there is drastic change in the provision of calculation of depreciation according to New Companies Act 2013. So many Company Taxpayers are facing issues in calculating Depreciation. Please explain about the change and how it will affect and other information regarding depreciation?
We have developed a fully automated Depreciation Calculator cum Fixed Asset register as per Companies Act, 2013, which calulates depreciation as per Straight Line method of Depreciation. This Register is useful for Professional Colleagues as well as Corporates. This is fully automated, strictly as per Companies Act, 2013 and ICAI Guidance Note
