25 September 2010
Dear Experts, Very urgent Sir.... Pls. provide me whether for fixed assets having opening wdv less than Rs. 100 or so , still we have to calculate depreciation as per Income Tax Act on these assets? Else can i write off the assets by putting the following entry. Dep A/c Dr. 100 To Fixed Asset A/c 100 Is it right? With regards, Rajesh.
CAclubindia
