I have a question regarding asset declaration..
Though i have found in asset statement instruction that the actual price anyone paid for any movable item(like ornaments,motor car) should be mentioned whatever the depreciation ,but some people are saying that depreciation should be calculated and that depreciated value should be given as asset…what should i do?plz help…
In West Bengal Form No. 34A, the guidelines are issued regarding submission of asset statement. In the said form rule 5. said that the actual value should be mentioned whatever be the face value / depreciation.
So, depreciation should not considered.