What will be the treatment for tax depreciation in case a machine is purchased in April-20 of INR 1,00,000 and scrapped in July-20 with INR 1,000?
Whether tax depreciation is allowed on this asset?
If yes, then how much?
Plz reply.
As per my view...
Yes... Depreciation applicable.
Provide Half value. (if machinery under 15% then We will apply 7.5% or 1/2 value)
CAclubindia
