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

Depreciable Asset Sales: Section 50C Inapplicable for WDV Calculation; Adjust Opening WDV After Previous Year's Depreciation.

September 12, 2015

Case Laws Income Tax AT

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

Depreciable Asset Sales: Section 50C Inapplicable for WDV Calculation; Adjust Opening WDV After Previous Year's Depreciation.

September 12, 2015

Case Laws Income Tax AT

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