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Sale of Asset made in FY 2020-21 but it would be purchased during the same FY,Whether dep applicable

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(Querist)
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
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
10 August 2021 If the asset is used then claim depreciation.
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