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depriciation

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(Querist)
18 September 2009 if i sold my fixed asset during the year
than i can claim depriciation on that asset for the year
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
18 September 2009 As per Income Tax Rules, no depreciation is admissible in the year of sale.
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ARUN KUMAR V

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ARUN KUMAR V (Expert)
18 September 2009 AGGREED with expert
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Zeeshan

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Zeeshan (Expert)
19 September 2009 you have to consider it Block wise.
if the all asset of a block has been sold or the sales consideration of an asset is higher than the block's wdv, then you cannot claim depreciation on that block. there will be a short term capital loss or gain.
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