Depriciation
Querist : Anonymous
1.In one Company, they sold a car of Rs. 625000 and purchase a new car of Rs. 450000 and opening WDV of this block is Rs. 105000. Please suggest me the treatment under IT Act.
2. In other Company, they sold a machine of Rs. 90000 and its opening WDV is Rs. 100000 and block is not in existence. Please suggest me the treatment under IT Act.
2. Rs. 10,000/- shall be allowed as deduction u/s 32(1)(iii).
Querist : Anonymous
Only STCG arises. Loss is allowed as deduction u/s 32(1)(iii)
Querist : Anonymous
Querist : Anonymous
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