watch_later 07/02/18

If new business start what if we are personal assets use or i can be used or introduced in new business how to value calculate of assets just like furniture and vehicle,bike,inverter if i did not know of assets value 

1 Response | Latest response: 07/02/18 | Sort by Likes(thumb_up) Recent | Income-Tax Reply
watch_later 07/02/18

First you can introduce assets at market value.

You need to ascertain approximate values. If valuation is not possible then you cannot show cost in books, even depreciation will not be allowed for assets without value.


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