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Hrithik Rama posted in the group CA Final IDT Discussion Group
Jb building transfer Feb 21 m hua h and purchase 1.4.19 m hua tha to deemed income and also actual cost in the hands of Arnav actual cost – Dep(P.Y.19-20) – Dep(P.Y.20-21) hona chahiye n..???
Or agr nhi to kyu nhi.. plz anyone explain this…
2 Comments-
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Thanks, brother you are awsome
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and then
As per explanation 13 to section 43(1) actual cost reduced to depreciation to be charged in year of acquisition shall be deemed income. And as deemed income in py 2020-21 no depreciation shall be charged on it