https://www.taxtmi.com/notifications?id=24492 Amendment to Schedule XIV of the Companies Act, 1956 substitutes entries in sub-item B.7 for mineral oil concerns, specifying revised depreciation treatment for field operations (above ground) and listed equipment including portable boilers, drilling tools and well-head tanks, and adds entry 7A for rigs (NESD) with distinct depreciation rates and methods for single-shift operation under the Plant and Machinery heading. en-us Wed, 14 Dec 2011 00:00:00 +0530 Wed, 28 Dec 2011 10:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=24492 Amendment to Schedule XIV of the Companies Act, 1956 substitutes entries in sub-item B.7 for mineral oil concerns, specifying revised depreciation treatment for field operations (above ground) and listed equipment including portable boilers, drilling tools and well-head tanks, and adds entry 7A for rigs (NESD) with distinct depreciation rates and methods for single-shift operation under the Plant and Machinery heading. Notifications Companies Law Wed, 14 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/notifications?id=24492