Treatment of assets writtenoff as per income tax act

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In one of the company, an asset is written of from books. However as per Income tax, the block still exists.

Now shall i reduce the book value of such asset, which is written of from the block while computing profits as per income tax?

(I did not receive any monies towards the discarded asset)

Replies (1)

No need to do any thing with block because u have not anything in consideration.

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