Impairment of Assets
This query is : Resolved
20 March 2009
HI Experts,
How the loss on Impairment of assets will be treated in P&L and balance sheet, any effect in MAT calculation.
Thanks
How the loss on Impairment of assets will be treated in P&L and balance sheet, any effect in MAT calculation.
Thanks
03 April 2009
Impairment of assets will be considered as a exceptional item and will be disclosed accordingly as per AS-5.
It will be part of MAT calculation however for Income tax purpose this loss will be disallowed.
It will be part of MAT calculation however for Income tax purpose this loss will be disallowed.
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