13 April 2010
Hi, Can anyone answer whether Depreciation by Assessee can be claimed when it is dissolved in middle of the financial year. Ex. A partnership firm is dissolved in the month of Jan can dep can be claimed of proportionate date.
13 April 2010
if there is a succession of the partnership firm or transfer, then depreciation can be claimed proportionately based on number of days, else deprecition can be claimed for the full year
CAclubindia
