Sec 32 depreciation
This query is : Resolved
08 January 2014
Dear All,
What does mean by Block Ceases to exist?
In What Situations Block turns Negative?
Pls Explain with an Example
Regards,
Jordan
What does mean by Block Ceases to exist?
In What Situations Block turns Negative?
Pls Explain with an Example
Regards,
Jordan
Guest
Guest
(Expert)
08 January 2014
Block cant ever turn negative..
Let Suppose block of Rs 100,000 have 5 Assets.Out of which one asset is sold for Rs 1,50,000.In this cirumstance the block cease to exist. Or suppose all the assets are sold of this block then to it ceases to exist.
Let Suppose block of Rs 100,000 have 5 Assets.Out of which one asset is sold for Rs 1,50,000.In this cirumstance the block cease to exist. Or suppose all the assets are sold of this block then to it ceases to exist.
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