Cost of asset
This query is : Resolved
25 August 2017
I bought a laptop 3 years ago @ 35,000 rupees for personal use. Today after 3 years I started using it for business purpose.
What will be the cost of that laptop for me to determine depreciation on it.
What will be the cost of that laptop for me to determine depreciation on it.
25 August 2017
find out the WDV as if the depreciation has been charged for these years, and then you can use this WDV as the value at which it is transferred to your business
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25 August 2017
Thank you for your assistance and can I get reference of related section of CAPITAL GAIN head for this???
25 August 2017
capital gain?.....what for?
the definition of actual cost is embedded in section 43(1)
the definition of actual cost is embedded in section 43(1)
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