depreciation
This query is : Open
23 June 2010
what will be the depreciation amount as per incometax act for following example.
RATE OF DEP. 10%
same block
W.D.V as on 1/4/09 of asset "A" Rs.1,00,000
pur.of asset "B" on 1/6/09 Rs.1,00,000
pur.of asset "C" on 1/12/09 Rs. 25,000
pur.of asset "D" on 1/12/09 Rs. 25,000
pur.of asset "E" on 1/12/09 Rs. 25,000
pur.of asset "F" on 1/12/09 Rs. 25,000
SALE OF asset "E" on 1/03/2010 Rs. 25,000
RATE OF DEP. 10%
same block
W.D.V as on 1/4/09 of asset "A" Rs.1,00,000
pur.of asset "B" on 1/6/09 Rs.1,00,000
pur.of asset "C" on 1/12/09 Rs. 25,000
pur.of asset "D" on 1/12/09 Rs. 25,000
pur.of asset "E" on 1/12/09 Rs. 25,000
pur.of asset "F" on 1/12/09 Rs. 25,000
SALE OF asset "E" on 1/03/2010 Rs. 25,000
23 June 2010
10% on (200000-25000)
5% 0n (25000+25000+25000+25000)
5% 0n (25000+25000+25000+25000)
26 June 2010
AND WHAT IF
RATE OF DEP 30%
WHAT IS THE AMOUNT OF DEPRECIATION AS PER INCOME TAX ACT 1961
opening W.D.V of machinery "A" and "B" is Rs 12/- lakhs on 1/4/09.
a new machinery "C" is purchase on 10/12/09 for Rs. 10 lakhs.
and on 28/03/2010 machinery "A" is sold for Rs.8 lakhs.
WILL THERE BE ANY CHANGES IN ANSWER IF MACHINERY "" C "" IS SOLD INSTEAD OF MACHINERY "A" ON 28/03/2010 FOR RS. 8 LAKHS
PLEASE REPLY.
RATE OF DEP 30%
WHAT IS THE AMOUNT OF DEPRECIATION AS PER INCOME TAX ACT 1961
opening W.D.V of machinery "A" and "B" is Rs 12/- lakhs on 1/4/09.
a new machinery "C" is purchase on 10/12/09 for Rs. 10 lakhs.
and on 28/03/2010 machinery "A" is sold for Rs.8 lakhs.
WILL THERE BE ANY CHANGES IN ANSWER IF MACHINERY "" C "" IS SOLD INSTEAD OF MACHINERY "A" ON 28/03/2010 FOR RS. 8 LAKHS
PLEASE REPLY.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
