Dep on sale of fixed asset
Rajvi Shah (84 Points)
06 July 2022same what do as per income tax like as per income dep calculate full rate or not calculate and taken as per 31-3-22??
Rajvi Shah (84 Points)
06 July 2022
CA Puja Sharma
(Chartered Accountant)
(5010 Points)
Replied 06 July 2022
Under Income Tax act, no depreciation is to be calculated on FA sold for FY 2022-23.
WDV as on 31.03.2022 have to be taken.
CA. ANKIT PANDYA
(CA)
(682 Points)
Replied 06 July 2022
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 06 July 2022