EASYOFFICE
EASYOFFICE

Depreciation on Disposed assets

This query is : Resolved 
Profile Image

Profile Image

(Querist)
07 November 2019 A company has sold some assets and also disposed off some assets. The block is still there.

While calculating depreciation as per income tax, in the case of sold assets - the realisation value is deducted from the block.

What would be done in the case of disposed off assets?
Profile Image

Asha Kanta Sharmapro badge

Profile Image

Asha Kanta Sharmapro badge (Expert)
26 May 2020 All disposed off Assets needs to be removed from the block of assets and depreciation is to be claimed till it was in the business.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links