Depreciation on sale of Fixed Assets
This query is : Resolved
13 May 2022
whether depreciation on sale of assets is to be calculated in the year sale of Assets as per income tax .
13 May 2022
Yes, depreciation should be calculated in the year of sale after sale value is credited to the block of assets.
13 May 2022
Yes calculate depreciation on the block of asset after giving effect to the sale.
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