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section 43(1)

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

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