BUSINES PFOFT sale of car
This query is : Resolved
08 May 2023
SIR
MR A HAVE PRO. OF XXX CONCERN HE BROUGHT A CAR RS. 16,00,000/- AS ON 20.05.2017. CAR WDV RS. 8,50,000 /- AS ON 31.3.2023. HE SALE OF CAR AS ON 30.04.2023 RS. 14.25,0000/- AND ANOTHER CAR PURCHASES AFTER THE THREE MONTH.
MY QUERIES IS
1. IF APPLICABLE BUSINESS PROIFT RS. 5,75,000/-
2.NEW CAR VALUE RS. 26,00,000/-
3. MU WORKING IS WDV AS ON 1.4.2023 RS. 14,25,000/-
LESS SOLD VALUE RS. 8,50,000/-
--------------
5,75,000
ADD NEW CAR 26,00,000
--------------
CLOG VALUE AS ON 31.3.2024 31,75,000
IT IS CORRECT WORKING
THANKS
MR A HAVE PRO. OF XXX CONCERN HE BROUGHT A CAR RS. 16,00,000/- AS ON 20.05.2017. CAR WDV RS. 8,50,000 /- AS ON 31.3.2023. HE SALE OF CAR AS ON 30.04.2023 RS. 14.25,0000/- AND ANOTHER CAR PURCHASES AFTER THE THREE MONTH.
MY QUERIES IS
1. IF APPLICABLE BUSINESS PROIFT RS. 5,75,000/-
2.NEW CAR VALUE RS. 26,00,000/-
3. MU WORKING IS WDV AS ON 1.4.2023 RS. 14,25,000/-
LESS SOLD VALUE RS. 8,50,000/-
--------------
5,75,000
ADD NEW CAR 26,00,000
--------------
CLOG VALUE AS ON 31.3.2024 31,75,000
IT IS CORRECT WORKING
THANKS
CA R SEETHARAMAN
(Expert)
08 May 2023
Check the query sale price and WDV interchanged in later part of the query which one is correct.
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