As per IT act Can depreciation is to be claim when full block of assets is sold>>>>>>>>
Depreciation
CHIRAG DEEPAK GANATRA (CA FINAL) (1054 Points)
03 August 2011
CHIRAG DEEPAK GANATRA (CA FINAL) (1054 Points)
03 August 2011
As per IT act Can depreciation is to be claim when full block of assets is sold>>>>>>>>
kamal kishor sen
(STUDENT Rajasthan)
(2156 Points)
Replied 03 August 2011
When all assets sold from block and get positive figure than no depreciation claim , it is a short term capital loss under section 50 (2).
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 03 August 2011
| Originally posted by : kamal kishor sen | ||
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When all assets sold from block and get positive figure than no depreciation claim , it is a short term capital loss under section 50 (2). |
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agreed
CAclubindia
