Depreciation

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..... Depreciation
Query (Issue) Started By: - Hardeep Singh Dated:- 3-2-2016 Last Reply Date:- 4-2-2016 Income Tax
Got 1 Reply
Income Tax
Respected sirI provide your valuable opinion on the is .....

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..... sue 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 cos .....

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..... t of such unused asset shall be included or not? Reply By Ganeshan Kalyani: The Reply: Before going to the section referred by you, i would like to ask that if the asset purchased but not put to use .....

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..... , 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 .....

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..... asset to arrive at depreciation.
Discussion Forum - Knowledge Sharing .....

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