07 July 2011
SUPPOSE I SELL AN ASSET FOR THE FINANCIAL YEAR 2010-2011 IN MARCH 2011.CAN I CLAIM DEPRECIATION AS PER IT ACT FOR THE WHOLE YEAR FOR THE FINANCIAL YEAR 2010-2011.
07 July 2011
Rightly said by Mr. Jain. For claiming depreciation under Income Tax Act assets shall be held till 31st March. If it is not available on March 31 then depreciation will not be allowed
07 July 2011
Rightly said by Mr. Jain. For claiming depreciation under Income Tax Act assets shall be held till 31st March. If it is not available on March 31 then depreciation will not be allowed