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Is fixed assets register is required


06 March 2012 Hi,

Please help me out to know that is it mandatory a Fixed Assets Register for any hotel & hospitality sector. If, yes than give me references of the same Act.

Regards,

Premanshu Dwivedi

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06 March 2012 In case the hotel is company then as per provisions of companies act Fixed asset register will be a mandatory requirement.

07 March 2012 Hi Ketan,

Thanks for your valuable reply.

See, The hotel is subsidiary of Assessee than FAR is mandatory or not.

Regards,

Premanshu




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