Depreciation charges

AS 804 views 2 replies

Dear Friends

i have a query aur company follow the Income tax Rule for Charging Depreciation since Begining and from this financial year  they are apply companies act now some assets are appriciate and some reducted how we can account for this thing.

your suggession will be valuable

 

Replies (2)

I think you must revalue them by putting a revaluationa a\c

Dear Harsha

Your suggestion is correct but question is how can we amortised this reserve and for how many years.

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register