Hello
Is there a requirement in CARO to report about impairment Losses in Fixed assets.?
As far as i have seen there is no requirement.
Pls guide me in this issue
3 Replies
Ameet
(L)
(1678 Points)
Replied 30 November 2009
Clause 4(i)(A) Require full particulars regarding Fixed Assets. Impairment is the important aspect of fixed asset. YOU SHOULD CONSIDER & REPORT THE SAME.
Navneet Gupta
(Article)
(129 Points)
Replied 20 December 2009
impairment loss need not be reported in CARO.
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