Ca final- mafa - lease chapter

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Dinesh kumar (Querist)
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20 October 2011 Queries-Is depreciation is allowed for year of the sale of Fixed assets in lease chapter?

Thanks & Regards,

Dinesh Kumar

CA PRAVIN (Expert)
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20 October 2011 I think Depreciation is not allowed in the year in which asset is sold.

CA Ravi Sisodia (Expert)
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20 October 2011 In Accounts , Depreciation is allowed in the year in which asset is sold.

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