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Calculating Depreciation: Reduce WDV by Sale Proceeds in Asset Block under Income Tax Act Section 43(6).

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....Value of assets for the purpose of calculation of depreciation - sale of assets - u/s.43(6) of the Act, the WDV of the block of assets is to be reduced by the sale proceeds received on sale of one or more of the assets from the block and not the entire WDV of the said asset.....

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Calculating Depreciation: Reduce WDV by Sale Proceeds in Asset Block under Income Tax Act Section 43(6).