Assets Transfer
Murugesh
(Querist) 07 July 2008
This query is : Resolved
We have two project in India in different places ( One in Gujarat another in Kochin ).
And now we want to transfer the office assets ( like Computer, Furniture etc ) to Kochin project from Gujarat and the book value of the Assets almost '0'.
Please tell us that what are the documentation need for this transfer, any Tax / Legal implication is there or not?
Guest
(Expert) 07 July 2008
You can simply state on you rletter head containing the TAN of Gujarat the list of items being transported to Cochin.
It must make a declaration that the goods are for office use and not for sale. Give the reason for shipping the goods and give the Kcohin branckhes VAT if required.