section 43(1)
This query is : Resolved
ankit vijayavargiya
(Querist)
10 January 2011
as per explaination 6 of saction 43(1), actual cost of building for the purpose of depriciation, previosly used by owner and then brought up for the purpose of business, is Actual price-notional dep.
Wether same formula to used for calculating actual cost of depriciation of other assets?
if yes, then why building word is used specifically???
Wether same formula to used for calculating actual cost of depriciation of other assets?
if yes, then why building word is used specifically???
Guest
Guest
(Expert)
10 January 2011
Please check your query as there is no such provision in explanation 6 of Sec. 43(1)
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