Residual value taken 0%, then justification??
This query is : Resolved
18 February 2015
Hi everyone,
Can you please suggest that if i am taking residual value of asset at 0%, then whether i should give justification for that. because as per Company Act 2013, Justification required if res. value is different from Act, but in the Act it is mention that % shall not be more than 5%, so 0% is also not more than 5%. so as per my view, no justification required
Plz Explain???
Regards
CA Puneet Garg
ca.puneet2011@gmail.com
Can you please suggest that if i am taking residual value of asset at 0%, then whether i should give justification for that. because as per Company Act 2013, Justification required if res. value is different from Act, but in the Act it is mention that % shall not be more than 5%, so 0% is also not more than 5%. so as per my view, no justification required
Plz Explain???
Regards
CA Puneet Garg
ca.puneet2011@gmail.com
18 February 2015
You are right no justification required for 0% residual value.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 270A penalty
- GST Registration Application -Rejected
- GSTR 1- Amend Credit Note
- Supply to unit situated in SEZ
- GSTR 9C- Table 9
- International transfer pricing- -> father entity vs son entity ->WHERE NO mutual say in management
- TDS AFTER SUBMISSION OF 15G OR H
- Tax liability on gift amount given to blood relation
- TDS- defaults - old period ie. F.Y. 2012-2013 etc, etc
- Form 104 stamp paper deed
- Problem in filing Returns for International workers in EPFO
- Clarification for reversal of IGST on transfer of duty-free imported goods from EOU to DTA unit
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- Revision under Section 264 in The Income Tax Act, 1961
- TDS under section 195.
Trending Online Classes
-
Live Course on GSTR 9 & 9C for FY 24-25(Detailed discussions, FAQ, Case studies and Live demo of GSTR 9/9C on GST Portal)
Industry Expert16 November 2025
CAclubindia
