One of our client want to know whether he can adjust Gross block with Accumulated Depreciation and bring net block as his Gross block for the opening of next year. Can you please say what are the instances he can do such adjustment ? Is it permissible under companies act?
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When can i adjust gross block with gross depreciation
Replies (1)
it is not permissible as per schedule iii of companies act and as 10.
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