Fixed assets setoff
This query is : Resolved
16 February 2012
Dear Expert,
Please guide how to claim set off of Fixed Assets.
Please guide how to claim set off of Fixed Assets.
18 February 2012
Fixed asset are eligible for setoff subject to retention U/r 53. Some Fixed assets like building material, CAR are not eligible for setoff. Plant and Machinery are eligible for full setoff. as per MVAT
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