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No,depreciation will not be allowed as depreciation is charged only on closing value
Suppose Asset purchased for Rs 100000 sold for 80000 during the year,No depreciation will be computed.Instead Short Term Capital gain will be computed as follows
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No,depreciation will not be allowed as depreciation is charged only on closing value
Suppose Asset purchased for Rs 100000 sold for 80000 during the year,No depreciation will be computed.Instead Short Term Capital gain will be computed as follows
Comment