Can any one tell me how to claim ded.Under Section 41(2) for a co.claiming dep.Under Sec.32(1)(III)
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BALANCING CHARGE
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Balancing Charge Is Not Deductible But Taxable U/s Sec.41(2).
Balancing charge is
Sale Consideration - WDV
Maximum upto amount of cost of the assets.
So It is a profit taxable as deemed income u/s 41(2)
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