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Income Tax - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Sale of depreciable assets - computation of capital gains r.w.s ...

Income Tax

September 12, 2015

Sale of depreciable assets - computation of capital gains r.w.s 50C - The WDV would have to be necessarily computed in terms of section 43(6), and for which section 50C has no application. how we wonder the opening WDV could be altered without first changing the depreciation for the immediately preceding year and, concomitantly, the WDV at the close of that year. - AT

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