Hello guys
The problem is that a firm has changed its partners on 31.07.2009.
So we have to make 2 (Balance Sheets) Depreciation Charts
- 1st from 01.04.2009 to 31.07.2009
- 2nd from 01.08.2009 to 31.03.2010
I want to know how to charge depreciation in second depreciation chart whether its on the written down value as on 01.08.2009 or on the wdv as on 01.04.2009 for 8 months.
Please reply asap.
Charge Dep for whole year considering one entity.,
and then divide it into such two different period in the ratio of days....
| Originally posted by : Arvind | ||
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Charge Dep for whole year considering one entity., and then divide it into such two different period in the ratio of days.... |
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Thanks 4 d help
plz gave me some reference from the act or rule and also if act is silent about it.
refer to explanations of IT section 32
CAclubindia
