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Depreciation, Income Tax |
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Depreciation |
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Respected sirI provide your valuable opinion on the issue that when an asset forms part of the block of assets.Suppose an asset is purchased but not put to use in the previous year then whether for the purpose of calculating WDV u/s 43(6), the actual cost of such unused asset shall be included or not? Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
Before going to the section referred by you, i would like to ask that if the asset purchased but not put to use, will it value depreciate. Only when it has been put to use it value would come done and to make provision the depreciation is provided for. Hence in my view WDV of unused asset will not form part of asset to arrive at depreciation. Page: 1 Old Query - New Comments are closed. |
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