dep????
This query is : Resolved
26 August 2010
if single (not block) asset sold it is allowable for dep u/s 32 or not????????
26 August 2010
Depreciation allowable if block exists.
26 August 2010
IF ASSETS SOLD DURING THE YEAR BUT BLOCK OF ASSET EXIST IN WHICH SUCH ASSETS PERTAINED, THEN DEPRECIATION WILL BE ALLOWED ON BALANCE WDV OF ASSET I.E OPENING WDV LESS SALE PROCEEDS FROM SALE OF ASSETS.
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