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Depreciation as per income tax act

This query is : Resolved 

08 September 2015 CAN ANYONE PLZ HELP TO CLEAR FOLLOWING QUERY?
WHAT VALUE IS TO BE SHOWN AS DEDUCTION FOR CALCULATING DEPRECIATION AS PER INCOME TAX ACT IF AN ASSET IS SOLD AND THE OPENING VALUE AS PER INCOME TAX ACT & COMPANIES ACT ARE DIFFERENT.

08 September 2015 Actual sale value to be indicate for deduction for both in IT and books

09 September 2015 SIR, BUT THERE IS DIFFERENCE OF MORE AMOUNT WHICH LEADS US TOWARD CAPITAL GAIN.
SHALL WE HAVE TO PAY CAPITAL GAIN ALSO IN SUCH CASE ?




02 October 2021 Calculate CG, if any based on opening value as per IT act.



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