Depreciation incase of merger
This query is : Resolved
03 July 2013
i had a proprietorship firm which i converted into a company by merger..it satisfied all the condition of section 47(XIV)...The firm was in operation for 9 months and company for 3 months. the WDV of furniture of the firm was RS 100000 which was taken over at book value by the company. Now how to calculate proportionate depreciation and how to show it in income tax return?
20 July 2013
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