A person was claiming sec 44 AF , Now the turnover already exceeded the limit under this section and now required to maintain books of accounts . In such case what will be Opening WDV of Fixed Asset in the books of said person
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switch over from 44 AF and opening WDV of Fixed Asset
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AS IF IN THE EARLIER YEARS DEPRECEITION AS A PER IT ACT IS ALLOWED ...........CALCULATE WDV ACCORDINGLY
Thanx Sampat
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