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Depreciation allowable or not

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 January 2015 Dear sir,
i have a car which is sold on 02.03.2014.
can i provide the depreciation on the above asset at 31.3.2014. for the financial year (2013-14). previous year depreciation is 68000/- on the above car.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
24 January 2015 No depreciation can be charged in the year of sale for income tax.
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Rupesh Jain

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Rupesh Jain (Expert)
24 January 2015 no depreciation will be charged under income tax act.
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