As per IT act Can depreciation is to be claim when full block of assets is sold>>>>>>>>
Depreciation
CHIRAG DEEPAK GANATRA (CA FINAL) (1054 Points)
03 August 2011
2 Replies
kamal kishor sen
(STUDENT Rajasthan)
(2156 Points)
Replied 03 August 2011
When all assets sold from block and get positive figure than no depreciation claim , it is a short term capital loss under section 50 (2).
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 03 August 2011
| Originally posted by : kamal kishor sen | ||
 |
When all assets sold from block and get positive figure than no depreciation claim , it is a short term capital loss under section 50 (2). |
 |
agreed
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