Transfer of fixed asset
This query is : Resolved
NITISH KUMAR
(Querist)
17 June 2013
A company has fully depreciated assets i.e.. Nil value. If the company transfer that assets to his subsidiary company at which value
market value or nil value
please reference Section
plz suggest me
market value or nil value
please reference Section
plz suggest me
Rupesh Jain
(Expert)
18 June 2013
r/sir
assets shoild be tfr at market value.
if assets is heavy machinery .
pls take certificate from valuer or engineering. other wise you have to face proble regarding assets value.
assets shoild be tfr at market value.
if assets is heavy machinery .
pls take certificate from valuer or engineering. other wise you have to face proble regarding assets value.
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NITISH KUMAR
(Querist)
18 June 2013
THANKS SIR
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