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Former Member
Jun 01, 2011 at 06:34 AM

Legacy asset data upload for IT act India

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Hi

I want to upload Assets using AS91.

In this we have to mention the Values as per Companies Act as well as Income Tax Act.

In the case of companies act there is no problem.

But in the case of Income Tax Act, the Assets are maintained Block wise. It is not possible to seggregate the Assets value wise.

Please advice on how to deal with Income Tax issue?

The project is going to go-live on 1st July.....please suggest me.

regards