Atul Kumar (working employee) (153 Points)
29 August 2012Dear 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
Sri Harsha
(student)
(53 Points)
Replied 29 August 2012
I think you must revalue them by putting a revaluationa a\c
Atul Kumar
(working employee)
(153 Points)
Replied 30 August 2012
Dear Harsha
Your suggestion is correct but question is how can we amortised this reserve and for how many years.
CAclubindia
