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Fixed Assests Register

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(Querist)
20 June 2011 Dear sir ,
How can we maintain Fixed Asssits Register as per Income Tax act and Companis Act, 1956.

Regards

Ramesh Bisht
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T.K. JAGANATHAN

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T.K. JAGANATHAN (Expert)
21 June 2011 Depreciation under the Income Tax Act, now is based on block of assets and hence I feel it is sufficient that you maintain the Asset Register as per the Requirement of the Companies Act, 1956.

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