Sale of Asset made in FY 2020-21 but it would be purchased during the same FY,Whether dep applicable
This query is : Resolved
10 August 2021
Dear Sir / Madam,
i Have a query, i made a purchase during FY 2020-21 and also made sale in the same FY, Is there any Depreciation applicable as per IT ACT 1961?
Expecting a Immediate response
With Best Regards
Sujai
i Have a query, i made a purchase during FY 2020-21 and also made sale in the same FY, Is there any Depreciation applicable as per IT ACT 1961?
Expecting a Immediate response
With Best Regards
Sujai
10 August 2021
If the asset is used then claim depreciation.
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