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
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.
BANSAL YOGESH AND CO
Gautam Budh Nagar
B.Com
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Vakilsearch.com
Chennai
CA Inter
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Chirag N Shah & Associates
Mumbai
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CAclubindia
Pro
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