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Depreciation

This query is : Resolved 
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(Querist)
11 September 2010 In Books of Accounts furniture is written off at the end of year after charging depreciation. There is no sale of asset.

Please help on treatment of this in Income tax depreciation(Written of asset was only asset in block)

Op balance in books 12000
dep (Co.Act) 2400
Asset written off debited to P&L A/C 9600.

Op balance as per I.T. Act 8400
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
13 September 2010 8400/- can be treated as loss as the block ceases to exist.
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