Low value asset
This query is : Resolved
05 May 2015
How Low Value Asset treated after introduction of new company Act ? is it considered Rs 5000 and below for low value asset or not ? Or can charge depreciation even if it is an below 5000
16 May 2015
companies act 2013 doesnt differentiate assets on the basis of value. so even assets below Rs 5000 will be treated as any other asset
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- SEC 54 OF IT ACT
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- Form 26QB for TDS on property
- Residential status for filling income tax returns in India
- GST Annual Returns filing due date
- DTCP approval
- Partnership Business Can start India (two partners one is Indian and OCI both are wife and Husband)
- BLOCKED-INELIGIBLE GST CREDIT
- Strategic Performance Management and Business Valuation
- Appeals vs Writ court -certain doubt
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
