Treatment accumulated depreciation on disposal of asset
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 May 2018
In a company WDV of asset id 44002 on 31.03.2017 and gross block value as on 01.04.2017 is 60902 . The asset is sold on 26.09.2017 what will be the treatment of accumulated depreciation as per Companies Act 2013 and Income Tax Act 1961?
Its urgent
Its urgent
CA SANKET GARG
(Expert)
15 May 2018
Deduct accumulated depreciation from Gross Value of Asset.
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