07 August 2010
how wil WDV of the asset calculated, if the assesse was not required to compute his total income in preceding two previous years as per provisions of income tax act..?
07 August 2010
even if assessee was not required to compute his taxable income becz of non-taxability of income of payment of tax on the basis of presumptive taxation, depreciation is bound to have been claimed and wdv will be compted accordingly.
CAclubindia
