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
pankaj (CA Final) (381 Points)
17 June 2010Q 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
$AcH!n G
(Still Running for My Destination)
(1036 Points)
Replied 17 June 2010
As per income tax act he can claim dep.