08 June 2010
if the fixed assets purchase bill includes vat on purchase of f.a. and other tax e.g. exise custum etc.. than what amount should be carry forward for that assets? whether gross amount is carry in chart of deprecation (gross amount means inclusive of all taxes on purchase ) or only net purchase amount is carry plz help me............... e.g fixed asstes bill of rs.10150 in that amount vat of rs.150 is also include than to shwoing the addition in assets during the year in deprecation chart what amount carry... plz reply
CAclubindia
