Dear All,
Is there any provision for maintenance of fixed asset register under income tax act.
Dear All,
Is there any provision for maintenance of fixed asset register under income tax act.
Under income tax act there is no provision of maintained fixed assets register..But if tax audit is applicable to u then u have to maintain books of accounts according to section 44AA of the income tax act.
If CARO is applicable then u have to mainained FIXED ASSETS REGISTER. under company act.
Aggarwal Sarawagi and Co
New Delhi
CA
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Karia Overseas
Ahmedabad
CA
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SMJ global advisors pvt ltd
New Delhi
B.Com
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