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Fixed asset

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06 August 2014 will asset value include service tax also for depreciation purpose...
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CA PRIYUL SHAH

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CA PRIYUL SHAH (Expert)
06 August 2014 If you do not take credit of service tax then it will be added to cost o asset.
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Rupesh Jain

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Rupesh Jain (Expert)
06 August 2014 if you take the credit of tax, servcitax, excise duty under the relevant act then no depreciation will allowed on tax amount .
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
06 August 2014 only if u dont take credit under any tax then only u can take

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