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Income Tax - Highlights / Catch Notes

Home Highlights May 2020 Year 2020 This

Value of assets for the purpose of calculation of depreciation - ...

Income Tax

May 18, 2020

Value of assets for the purpose of calculation of depreciation - sale of assets - u/s.43(6) of the Act, the WDV of the block of assets is to be reduced by the sale proceeds received on sale of one or more of the assets from the block and not the entire WDV of the said asset.

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