Depn on asset sold

This query is : Resolved 

04 June 2012 I wanted to clarify on depreciation of asset sold when the sale value is less than WDV. The balance WDV can be charged as terminal depr ? Is it only for power units or even for other business ?

Please clarify ...

Thank you,
Sajan

04 June 2012 Applicable to ALL assessees.

04 June 2012 Thank you Sir :)

05 June 2012 You are welcome. You should use the thanks button to convey your thanks.


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