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
CA Sanat Pyne
(Expert)
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.
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