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Depreciation allowable under income tax act

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 November 2014 Dear Sir
Pls let me know about the depreciation allowable under It Act
Block Rate : 15%
Opening WDV Rs. 1004014
Addition:
1st Half : Rs 790207/-
2nd Half : Rs 640000/-
Sales :
1st Half : Rs 882782/-
2nd Half : Rs 583079
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
22 November 2014 Closing WDV before depreciation = 968360
Dep on 640000 = 640000*15%*50% = 48000
Dep on balance 328360 = 328360*15%= 49254

Total dep = 97254
Closing EDV = 871106
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