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Tax effect transfer to reserve-schedule ii companiesact 2013

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 April 2015 Kindly explain what is the tax effect of the amount transferred to Reserve as per Schedule II of Companies Act 2013- i.e, the amount of expired value of the Fixed assets.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
24 April 2015 It will have no tax implications.

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