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Depreciation

This query is : Resolved 

16 December 2010 How to calculate depreciation as per IT ACT in this situation

One of the client purchased Vehicle after 1st Nov 2010 and sold it before 31st mar 2010 and both purchase and sale transactions through cash for Rs.150000.
there is not profit or loss on such sale

16 December 2010 First Correct UR Q. It Should Be 31st March 2011.
No Depreciation is Allowed if Physically No Asset Exist on 31st March

17 December 2010 thank you sir




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