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Transfer of fixed asset

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(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
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Rupesh Jain

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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.
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NITISH KUMAR

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NITISH KUMAR (Querist)
18 June 2013 THANKS SIR
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