section 43(1)

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ankit vijayavargiya (Querist)
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10 January 2011 as per explaination 6 of saction 43(1), actual cost of building for the purpose of depriciation, previosly used by owner and then brought up for the purpose of business, is Actual price-notional dep.

Wether same formula to used for calculating actual cost of depriciation of other assets?

if yes, then why building word is used specifically???

Guest

Guest (Expert)

10 January 2011 Please check your query as there is no such provision in explanation 6 of Sec. 43(1)