Depreciation on fisxed asests

This query is : Resolved

Anil Kumar Kedia (Querist)
Follow

28 August 2008 One business firm has not charged depreciation on fixed asests for last two years now this year this firm charged depreciation and claimed as per income tax laws. My question is that : what will be the value of fixed assests for the purpose of deprection asf per income tax laws and what will be the provision for deprectiation for the amount not chartged last two years.
Thanks

Anil Kumar Kedia

Anil Kumar Kedia (Querist)
Follow

28 August 2008 1

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok