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writing off of fixed assets
Hi,
A Private limited company incorporated in mid of year 2008 has discontinued its operations and has shut down all its business. Now can it write off all its fixed assets having WDV approx. 20 Lakhs in its books of accounts.
Thax
Rashi Goyal
Replies (1)
In this case .... Depreciation can be claimed as a deduction for Incometax purpose.
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