Fixed asset
This query is : Resolved
06 August 2014
will asset value include service tax also for depreciation purpose...
CA PRIYUL SHAH
(Expert)
06 August 2014
If you do not take credit of service tax then it will be added to cost o asset.
Rupesh Jain
(Expert)
06 August 2014
if you take the credit of tax, servcitax, excise duty under the relevant act then no depreciation will allowed on tax amount .
06 August 2014
only if u dont take credit under any tax then only u can take
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