CA Ravish Trivedi (The Possibilities are Infinite...) (772 Points)
02 September 2008A 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
Late CA Sampat Jain
(Chartered Accountant)
(4772 Points)
Replied 02 September 2008
AS IF IN THE EARLIER YEARS DEPRECEITION AS A PER IT ACT IS ALLOWED ...........CALCULATE WDV ACCORDINGLY
CA Ravish Trivedi
(The Possibilities are Infinite...)
(772 Points)
Replied 02 September 2008
Thanx Sampat
CAclubindia
