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Depreciation on sale of Fixed Assets

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(Querist)
13 May 2022 whether depreciation on sale of assets is to be calculated in the year sale of Assets as per income tax .
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
13 May 2022 Yes, depreciation should be calculated in the year of sale after sale value is credited to the block of assets.
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CA Puja Sharma

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CA Puja Sharma (Expert)
13 May 2022 Yes calculate depreciation on the block of asset after giving effect to the sale.
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