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Depreciation on fixed assets

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(Querist)
22 December 2014 Dear Sir,

If a Company sell its fixed assets to another Company in the month of November 2014, whether the Seller Company can avail Depreciation for 6 months i.e from 01.04.2014 to 30.09.2014 or not.

Regards,

Rupinder Singh
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
22 December 2014 The ans is yes till the time it was the owner then proportional depreciation is allowed to them.

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