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dedecton of depreciation

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(Querist)
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
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muthu

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muthu (Querist)
05 November 2008 please kindly give me your advise
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
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.
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CA. Shikha

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CA. Shikha (Expert)
05 November 2008 question needs a reframing.
Give the date of purchase as well as taxable income before charging such depreciation
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muthu

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muthu (Querist)
05 November 2008 please explain to me
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