Block of asset sold
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 September 2013
op. bal of block of asset Rs. 20 lacs
purchase during the year Rs. 4 lacs in which 2 lacs purchase 180 days.
Full Block sold 31/12/2012 Rs. 25 lacs
Q-1 What is the treatment as per Income Tax Act...??
Q-2 weather we claim depreciation in income tax return because block is not in existence..??
purchase during the year Rs. 4 lacs in which 2 lacs purchase 180 days.
Full Block sold 31/12/2012 Rs. 25 lacs
Q-1 What is the treatment as per Income Tax Act...??
Q-2 weather we claim depreciation in income tax return because block is not in existence..??
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 September 2013
pls solve..........
21 September 2013
You cant charge dep since block ceased to exist on 31.3.13
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