dedecton of depreciation
This query is : Resolved
05 November 2008
New Hydrlic Excavator purchase (on hire purpose) value Rs.2081682 on 4.07.2007
Total income arrived at Rs. 2,55,341/- various Sources
How to Calculate Depreciation and Income tax Computataion
Total income arrived at Rs. 2,55,341/- various Sources
How to Calculate Depreciation and Income tax Computataion
05 November 2008
Question is not clear.
You have calculated depreciation @20%. Since 31-3-2005 there is no such rate in income tax rules,1962.
You have calculated depreciation @20%. Since 31-3-2005 there is no such rate in income tax rules,1962.
CA. Shikha
(Expert)
05 November 2008
question needs a reframing.
Give the date of purchase as well as taxable income before charging such depreciation
Give the date of purchase as well as taxable income before charging such depreciation
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