Tax effect transfer to reserve-schedule ii companiesact 2013
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 April 2015
Kindly explain what is the tax effect of the amount transferred to Reserve as per Schedule II of Companies Act 2013- i.e, the amount of expired value of the Fixed assets.
24 April 2015
It will have no tax implications.
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