banner_ad

depreciation

This query is : Resolved 
Profile Image

Profile Image

(Querist)
05 November 2008 New Hydralic Exavator purchases [ on hire purpose ] value Rs.2081682 on 4.7.07 total income arrived at Rs 255341/= for various sources. How to calculate Depreciation and
Income tax computation.
Profile Image

muthu

Profile Image

muthu (Querist)
05 November 2008 please kindly explain to me
Profile Image

Shyam Lal Naik

Profile Image

Shyam Lal Naik (Expert)
06 November 2008 Calculation of depreciation does not depend on totak income.

It is assumed that you are talking about depreciation as per income tax act.

The asset being a palnt, the rate of depreciation will be 15%. It having been put to use before 30.09.07, full year deoreciation will be allowed.

Practically, the cost will be added with the WDV of the block of asset as on 01.04.07.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details