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Pgbp (Sec32-Depreciation)

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(Querist)
21 March 2017 what is the reason that depreciation is not charged in the year of sale as per income tax act??
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CA Shubhanshu Jain

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CA Shubhanshu Jain (Expert)
22 March 2017 It is because at closing date we have such asset in our block and when an asset is not part of our block how can we charge depriciation on same.

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