• Answer of this question

    Asset aquired & put to use for less than 180 days in previous year
    Davneet Singh's image
    Davneet Singh

    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


    Written on Sept. 25, 2017, 1:50 p.m.