Capital gain

Direct Taxation

Here in the case of finding depreciation of patent 3 yrs are coming know?but here depreciation is found for only 2 yrs

Fathima _

CA Inter

★ 2K+

23-Nov-21 12:19

729

Answers (1)

How three years? It was purchased on 1/7/18 and the whole unit including patents was sold on 1/4/20 So 1/7/18 to 31/3/19 is first year and 1/4/19 to 31/3/30 is second year

Sudha Reddy

CA Final

★ 20K+

23-Nov-21 12:26