banner_ad

Depreciation chart

This query is : Resolved 
Profile Image

Profile Image

(Querist)
03 November 2017 I have a problem while filling ITR. I have 2 assets in my book. There opening WDV as on 01/04/2016 is Rs. 23263(11492+11771).Depreciation rate is 15. One of the assets of WDV Rs. 11492 is sold on 31/03/2017 for rs 5000
& another assets of same kind is purchased in Nov 2016 say for Rs. 10000.
What depreciation value & closing WDV shall be shown in excel sheet as well as in ITR.
Whether dep shall be Rs 4240 (1724+750+1766) or Rs 2516(750+1766). And how loss on sale of assets of Rs. 5000 shall be treated?
Profile Image

RAJA P M

Profile Image

RAJA P M (Expert)
03 November 2017 Depreciation Treated as Rs. 4240.....
Profile Image

RAJA P M

Profile Image

RAJA P M (Expert)
03 November 2017 Loss on Sale Rs. 4768 (11492 - 1724 = 9768 - 5000 = 4768
Profile Image

shweta Agrawal

Profile Image

shweta Agrawal (Querist)
17 November 2017 What shall be closing wdv?
And How shall it appear in Form 3CBCD?
Profile Image

RAJA P M

Profile Image

RAJA P M (Expert)
17 November 2017 WDV on Closing value....
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
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details