10 October 2016
Is depreciation applicable if the whole block of asset is sold..? and instead of showing the Short term Capital loss can it be adjusted against the discount received ?
10 October 2016
Depreciation applicable even if the whole block is sold. Discount on purchase of new asset can't be adjusted against short term capital loss.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
11 October 2016
Isnt it an exception to Depreciation, I mean to say instead of showing the loss as short term capital gain can we write off the same against the Indirect Income ie Discount Recvd as our company is about to shut down in coming two years. So carried forward is of no use