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Ca final- mafa - lease chapter

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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
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CA PRAVIN

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

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