https://www.taxtmi.com/circulars?id=10997 Guidance reconciles AS 6 with sections 205 and 350 and Schedule XIV, confirming Schedule XIV rates as minimum for post applicability assets while permitting companies to provide higher true commercial depreciation where technically justified with disclosure. It outlines permissible methods, treatment of changes in method as accounting policy changes requiring retrospective adjustment and disclosure, alternatives for assets existing when Schedule XIV became effective, pro rata and extra shift depreciation rules, materiality based write off of low value items, WDV as the statutory basis for managerial remuneration, and revaluation reserve treatment for additional depreciation. en-us Wed, 21 May 1986 00:00:00 +0530 Mon, 20 Jun 2011 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10997 Guidance reconciles AS 6 with sections 205 and 350 and Schedule XIV, confirming Schedule XIV rates as minimum for post applicability assets while permitting companies to provide higher true commercial depreciation where technically justified with disclosure. It outlines permissible methods, treatment of changes in method as accounting policy changes requiring retrospective adjustment and disclosure, alternatives for assets existing when Schedule XIV became effective, pro rata and extra shift depreciation rules, materiality based write off of low value items, WDV as the statutory basis for managerial remuneration, and revaluation reserve treatment for additional depreciation. Circulars Companies Law Wed, 21 May 1986 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10997