Q the book value of machine as on assmnt yr 2006-2007 is 100000.
if the assessee has not careid on any business during 2005-2009.then claim depreciation for the assement year 2010-2011.
and will be the WDV as on 1.4.2009
Q the book value of machine as on assmnt yr 2006-2007 is 100000.
if the assessee has not careid on any business during 2005-2009.then claim depreciation for the assement year 2010-2011.
and will be the WDV as on 1.4.2009
As per income tax act he can claim dep.
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