18 April 2024
in companies act -- furniture which has detoriated by white ants can be written off when furniture is destroyed/ dismantled as per income tax can we write off the above furniture -which amounts to a long term loss as there are other fixtures also in the block asset as declared as fixed asset in case of a public company pls guide how can we take into account the above loss as per income tax rules and can we c/f the loss or write off as depreciation thanks
CAclubindia
