Pvt Ltd....Company purchased office equipments on November 2009 Amount_75Lacs(FY-2009-10) the same assets transfer to another Pvt Ltd company on 31.05.2010 (FY-2010-11) these are sister concern compaines....so now that first company take depreciation 15%.....?
23 July 2010
it is better to mention that the stock is transferred to sister concern as on the date when the audit report is presented before the board / at AGM the company does not possess the asset.
CAclubindia
