Depreciation on second hand assets purchased
This query is : Resolved
31 October 2008
Dear sir
Is depreciation on second had assets purchased is allowed or not at the time of tax computation?
Is depreciation on second had assets purchased is allowed or not at the time of tax computation?
31 October 2008
It is allowed.
31 October 2008
Yes. Section 32 only says that the asset shall be owned by the assessee and be put to use.
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