02 October 2012
How i can compute the Cost of project & Capital employed For calculation of Deduction U/S 35D( preliminary Expenses)? (when i have no separate information, i have annual report of the company)
02 October 2012
To find out net capital employed, current liabilities are deducted from the total of the assets (Net). I think you will get the cost of project from your Gross Fixed Assets (Block).
CAclubindia
