Depretiation

Ashish Mishra (Manager Accounts) (39 Points)

02 July 2010  

Please Provide me, Use ful life of Electric Transformer which was claimed in income tax act. at present we are sale out an transformer purchase dtd:27/12/03 rs. 955000/- the depretiation method is SLM.

Please guide me how we are manage its to Excise Purpose & Income Tax purpose if we sale its. becouse its capical itmes, can we are sales its in scrap forms at current market rate.