conversion of firm into company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 May 2011
In case of conversion of firm into company, how to calculate depreciation
21 May 2011
If the case is covered under clause (xiii) of Section 47( i.e. conversion not treated as transfer), depreciation will be calculated as if no conversion took place and the same will be apportioned on the proportion of No. of days for which the asset has been used by the firm and the company. (Pl Refer Section 32)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- 44AD VS 44AB AUDIT
- Purchase of property from NRI
- How to pay tds on mhada property
- Query Regarding Refund Adjustment Against Outstanding Demand
- NRI get transferred fund from his own Indian account to his foreign US account without any approval
- GST APPLICABILITY TO DIAGNOSTIC
- CESS not claimed in GSTR3B either in inward supplies or outward supplies for the period Oct2025
- Seeing a huge entry in AIS Purchase of time deposits (SFT-005), what it is for
- GST Rate on Bakery Items registered under composition scheme
- Itr processing delay
- Invoice wrongly made on another GSTIN
- Value of Perquisite Sec.10 (10CC)
- Multiple GST under same PAN
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
