pls solve my query. company "A" purchased a computer in 2008-09 for Rs. 40000 and booked the same as furniture and fixture and depreciation has been charged @ 10% in 2008-09 i.e Rs. 4000. same did not come in the notice of tax auditor and statutory auditor. in 2009-10 company transfereed Rs. 36000/- (40000-4000)from furniture & fixture to computer. my query is that actully dep on computer should be Rs. 33600(2008-09 Rs. 24000, 2009-10 Rs. 9600) and wdv as on 31.03.2010 should be 6400/- while now its wdv is Rs. 14400/-(dep 2008-09 Rs. 4000in furniture and 2009-10 Rs. 21600/- ) how same should be reflected in this year tax audit report. 
Menu
depreciation
Replies (1)
now wdv Rs. 14400 is correct in the line of current year tax audit. if u wants to give the correct effect in the last year audit then u can revised the return.
Recent Topics :
- GSTR-9C Upload Status Error Occured
- “Income Tax Implications of Company-Related
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
- Applicability of FCRA to Article Processing Fees (
- GST Return
Related Topics :
CAclubindia
