I have assets whose wdv is 50 lakh as per IT act. During the year I sell the asset under slump se for 50 lakh during the year considering after 3 months. So while calculating networth will i be allowed depreciation for 3 months as per IT act considering section 43(6)
Depreciation on sale of assets in the middle of the year
Harshe (Student) (23 Points)
03 August 2021