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Depreciation for asset transfer

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(Querist)
23 July 2010 Dear Friends.......

Pvt Ltd....Company purchased office equipments on November 2009 Amount_75Lacs(FY-2009-10) the same assets transfer to another Pvt Ltd company on 31.05.2010 (FY-2010-11) these are sister concern compaines....so now that first company take depreciation 15%.....?
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CA.Mini

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CA.Mini (Expert)
23 July 2010 it is better to mention that the stock is transferred to sister concern as on the date when the audit report is presented before the board / at AGM the company does not possess the asset.
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