hello,
how to treatment of depriciation
problem :- Abc (partnership firm) he convert into privet limited during the year(convert under part IX of companies act )
firm convert into company 12 march 2013 , how to treat its depriciation
please give me correct answer
thank you
In Case of Conversion to Company on 12-03-2013 Depreciation as per the companies act should be calculated on proportionate basis.
Say in case of Partnership Firm asset was charged @ 10%
and Companies act 13.91% then Dep would be calculated proportionately
thank ,. how to trat in income tax depriciation pls reply me
CAclubindia
