Please Help: Asset data in report
Posted Date : 09-Sep-2013 , 05:37:27 pm | Posted By Nitish JAin
R/Member Please tell if an assesee has purchased nearly more than 500 asset during the year, is it compulsory to fill whole data date wise in audit report
Category : Income Tax | Answers : 4 | Comments : 0 | Hits : 79
Answers
Answer By: SUBHASH KUMAR JHA
in Clause 14 of Form 3CD asset needs to be disclosed with it's date of acquisition and date of put to use in this case you will have to disclose all the assets purchased date wise.
but in statutotory audit report no need to give this whole data but u will have to compute depreciation on day to day basis for this u will have to make a computation sheet and compute depreciation there and brought that figure to depreciatuion anexure.
but in statutotory audit report no need to give this whole data but u will have to compute depreciation on day to day basis for this u will have to make a computation sheet and compute depreciation there and brought that figure to depreciatuion anexure.
Answer By: SUBHASH KUMAR JHA
in Clause 14 of Form 3CD asset needs to be disclosed with it's date of acquisition and date of put to use in this case you will have to disclose all the assets purchased date wise.
but in statutotory audit report no need to give this whole data but u will have to compute depreciation on day to day basis for this u will have to make a computation sheet and compute depreciation there and brought that figure to depreciatuion anexure.
but in statutotory audit report no need to give this whole data but u will have to compute depreciation on day to day basis for this u will have to make a computation sheet and compute depreciation there and brought that figure to depreciatuion anexure.
Answer By: SUBHASH KUMAR JHA
in Clause 14 of Form 3CD asset needs to be disclosed with it's date of acquisition and date of put to use in this case you will have to disclose all the assets purchased date wise.
but in statutotory audit report no need to give this whole data but u will have to compute depreciation on day to day basis for this u will have to make a computation sheet and compute depreciation there and brought that figure to depreciatuion anexure.
but in statutotory audit report no need to give this whole data but u will have to compute depreciation on day to day basis for this u will have to make a computation sheet and compute depreciation there and brought that figure to depreciatuion anexure.
Answer By: Vaneet Gupta
This need to be provided date wise details in Form 3 CD
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