Depreciation on Disposed assets
This query is : Resolved
07 November 2019
A company has sold some assets and also disposed off some assets. The block is still there.
While calculating depreciation as per income tax, in the case of sold assets - the realisation value is deducted from the block.
What would be done in the case of disposed off assets?
While calculating depreciation as per income tax, in the case of sold assets - the realisation value is deducted from the block.
What would be done in the case of disposed off assets?
26 May 2020
All disposed off Assets needs to be removed from the block of assets and depreciation is to be claimed till it was in the business.
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