Sir,
Can an asset (computer, the only asset in the block) be written off as per IT Act in case of liquidation of the company ( the asset being in a good condition )??
Siddharth Jain (Article Assistant) (24 Points)
19 September 2013Sir,
Can an asset (computer, the only asset in the block) be written off as per IT Act in case of liquidation of the company ( the asset being in a good condition )??
HARISH BANSAL
(student)
(229 Points)
Replied 19 September 2013
I think u can't written off the Asset but u may sell it , and then calculate short term capital gain/loss.
Regards,
Harish Bansal
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