Depreciation as per companies act , 2013
This query is : Resolved
Pratima Pandey
(Querist)
08 September 2015
WHAT WILL BE THE CLOSING VALUE OF ASSETS IF OPENING VALUE ALREADY LESS THAN SALVAGE VALUE TO BE CONSIDERED.
09 September 2015
Then keep the opening value as it is. Closing value will be same as opening value.
Pratima Pandey
(Querist)
09 September 2015
THANX A LOT SIR FOR YOUR KIND REPLY..
BUT, SIR THE CONCEPT OF 5% SALVAGE VALUE IS NOT COMPLIED IF WE TAKE THE OPENING VALUE AS CLOSING VALUE. SO, WILL THERE BE ANY ISSUE ?
BUT, SIR THE CONCEPT OF 5% SALVAGE VALUE IS NOT COMPLIED IF WE TAKE THE OPENING VALUE AS CLOSING VALUE. SO, WILL THERE BE ANY ISSUE ?
09 September 2015
There will be no issue in the given case if residual value is reduced to less than 5%.
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- IMS (import of goods) ITC related
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- GST ITC as per notification 12/2023- central tax
- LLP audit and disclosure
- Capital Gains Tax on Inherited Mutual Fund
- Form 144 TDS Return Validation Error – Mandatory Fields
- Gift to nri relatives resides in usa
- GSTR9 Annual Return
- Ito add credit side of bank
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
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
