Im working on tally right now, but have to pass F7 journal still.
Yes it is manfatory
It is mandatory, however if the useful life of asset is different from the one mentioned in Schedule II, that need to be justified and documented with a technical reason.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
