Tax audit clause 14-fixed asset

HII FRNDS,

IN CLAUSE 14- FIXED ASSETS INFO : WE ARE PUTTING DATE OF PUT TO USE AS 30/09/2012 FOR 1ST HALF ADDITIONS & 31/03/2013 FOR SECOND HALF ADDITIONS AS THERE ARE MORE THAN A 150 ADDITIONS.

AND ABOVE TREATMENT WILL NOT AFFECT THE DEPRECIATION CALCULATION ALSO.

MY QUESTION IS WHETHER ABOVE TREATMENT IS CORRECT IN EFILING THE FORM 3CD & WHETHER IT WILL AMOUNT TO WRONG DATA/MISLEADING DATA IN FORM 3CD???

THANKS....

Replies (1)

Dear Sunil,

Yes, the purpose of Audit and ambit of allowable depreciation are justified

BUT, That must not be Correct...

But unfortunately in this case, we'll have to do that way ... We all do that ... :-)

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