Amount payable for purchase of machinery last year ...not required to be paid now ....as condition for making maintenance not fulfilled
What should be treatment in our books ,without decreasing the value of our asset ?
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How to write of correctly as per income tax act and as per companies act both ?
Replies (4)
You can book the amount as income
how it can be ?
Explain? Why you made that entry in last year on what basis
purchased machinery ....amount to be paid
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