26 November 2010
What is the rules regarding credit taken for capital goods ? while it was fifty percent adjustable in current year and remaining 50 percent in next year. what is present rules please provide notification.
26 November 2010
that is correct. First year of purchase of asset 50% of credit and in any subsequent year remaining 50% of credit provided the asset is in this possession subjest to some exemptions
CAclubindia
