while creating udin what should be written in WDV OF FIXED ASSETS?
1)wdv as per itr (only business assets) or
2)wdv as per balance sheet (which includes personal fixed assets on which no depreciation is provided)
its clearly mentioned that the turnover should be as per 3cd but nothing mentioned for fixed assets.
pls guide.
You should mention wdv as per itr fa schedule only.
technically even in books you should not capitslise personal assets it should be kept under capital account
CAclubindia
