A company has capitalised some assets in a wrong period. For example assets should have been capitalised in Financial year 2013-14 but capitalised in FY 2014-15.
What should be implications in income tax and companies act both?
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Delayed capitalisation or capitalisation in wrong period
Replies (1)
1. True and fair view of the financials will get affected.
No other effect will take place
For any further query PM or mail us.
anubhavjain @ ajhco.in
AJH & CO.
Chartered Accountants
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