Sir,
Can an asset (computer, the only asset in the block) be written off as per IT Act in case of liquidation of the company ( the asset being in a good condition )??
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Write off of an asset under it act,1961
Replies (1)
I think u can't written off the Asset but u may sell it , and then calculate short term capital gain/loss.
Regards,
Harish Bansal
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