Namish Gupta (CA Practice ) (42 Points)
24 September 2014A company has capitalised some assets in a wrong period. For example assets should have been capitalised in Financial year 2013-14 but capitalised in FY 2014-15.
What should be implications in income tax and companies act both?
Anubhav
(Chartered Accountant)
(429 Points)
Replied 24 September 2014
1. True and fair view of the financials will get affected.
No other effect will take place
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anubhavjain @ ajhco.in
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