https://www.taxtmi.com/acts?id=12721 The amount of depreciation deductible is the amount of depreciation on assets as shown by the company's books at the end of the financial year, at the rate specified in Schedule XIV. If an asset is disposed of before it is fully depreciated, any excess of the written-down value over its sale proceeds or scrap value must be written off in the financial year of disposal. en-us Sat, 14 May 2011 10:29:16 +0530 Sat, 14 May 2011 10:29:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12721 The amount of depreciation deductible is the amount of depreciation on assets as shown by the company's books at the end of the financial year, at the rate specified in Schedule XIV. If an asset is disposed of before it is fully depreciated, any excess of the written-down value over its sale proceeds or scrap value must be written off in the financial year of disposal. Act-Rules Companies Law Sat, 14 May 2011 10:29:16 +0530 https://www.taxtmi.com/acts?id=12721