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Fixed assets

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 April 2013 whether subsequent disallowance by Tax authorities for excise credit taken on fixed asset be added to the cost of asset purchased? or whether it will be Expenced out?
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Anil Sankar V

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Anil Sankar V (Expert)
01 May 2013 yEs, it shall be added to the cost of asset purchased.
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
13 June 2013 Yes you can do so




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