The landlord of the building registers the housing society after three years of occupancy. How do you arrive at the cost of the assets that is Diesel Generator, Elevator and Water Pumps on the date of registration of society from where the account writing starts.
Menu
Define value of assets in b.sheet
Replies (1)
Dear frank in this case we can arrive at the value of the asset by taking depriciated value of asset. E.g if your generator is 50000 then depriciate it with 15% on wdv and then take the value in your balance sheet.(30706.25) similary for others. So that the value taken will not be in question in any case.
regards
Recent Threads
- ITR-2 Payment Made but Status Not Updated
- Need help for ITR filing
- ITR Updated returns. Time limit for filing
- ITR 2 Processed and Refund Credited to Bank
- Freelancer or Salaried
- LTCG Tax & Indexation on Debt Mutual Funds Sol
- Section 45(5A) and 194IC with carry forward of tds
- Paid tax amount, CIN generated and challan downloa
- INTRADAY INCOME PRESUMPTIVE INCOME
- Clarification on Deemed Export Status for EOU-to-E
Related Threads
CAclubindia
