Amendment to Schedule XIV to the Companies Act,1956 – Changes in Depreciation Rate on Plant and Machinery.

Posted Date : 22-Dec-2011 , 11:24:07 am | Posted By CASANSAAR print

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Section 641 of the Companies Act, 1956 – Schedules, forms and rules – Power to alter Schedules – Alterations in Schedule XIV

NOTIFICATION [F. NO. 2/6/2008-CL.V], DATED 14-12-2011

In exercise of the powers conferred by sub-section (1) of section 641 of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following alterations in the Schedule XIV of the said Act namely :-

In Schedule XIV to the Companies Act, 1956, under the heading “II PLANT AND MACHINERY”, under item (ii) relating to special rates, in sub-item B.7, for the entries, the following entries shall respectively be substituted, namely :-

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