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How can we Define Corporate law sob and Income Tax law Sob?
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Answer Posted / dheeraj
Setup-> Assetsystem -> Book controls
A corporate book holds all asset information, asset transfer
information, Asset Reclassification information, Asset Cost
Adjustment, Retirements, Revaluation, Changes and
Depreciation information. It is important and Primary Book.
A corporate book is maintained as per company Law.
A tax book captures all asset information as per Income tax
act. It is associated with corporate book to copy the
existing asset. We can mass copy the information as required.
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