Depreciation claim
This query is : Resolved
30 May 2014
Dear Sirs
WDV as on 1-4-13 of a block of 60% (consisting Laptop, Camera and Data Card) is Rs.10500
During the year Laptop and data Card were stolen on 28-5-2013. There are no Additions during the year and No claim of Insurance is there.
Please provide me the calculation of Depreciation in the above case.
can the loss of theft may be allowed and if yes then how to compute
WDV as on 1-4-13 of a block of 60% (consisting Laptop, Camera and Data Card) is Rs.10500
During the year Laptop and data Card were stolen on 28-5-2013. There are no Additions during the year and No claim of Insurance is there.
Please provide me the calculation of Depreciation in the above case.
can the loss of theft may be allowed and if yes then how to compute
30 May 2014
yes you have to file fir and then you can calim as loss on theft. and no depreciation will allowed for F Y 2013-14
30 May 2014
Dear Sir Can you Please explain your answer with reference to Sections of Income tax act
30 May 2014
under income tax act depreciation charge on block of assets Opening Bal. + addition during the year- delection during the year/ sale price of assets= Bal.
depreciation charges on Bal. amount when your balance is NIL then Depreciation also NIL.
you can check u/s 43(6).
depreciation charges on Bal. amount when your balance is NIL then Depreciation also NIL.
you can check u/s 43(6).
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
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Form 121 & TDS deduction
- LC charges in relation to Asset purchased should be Capitalised ?
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Regarding appeal to GSTAT
- Invoice V/S Goods receipt Note Date
- Transporter Declaration form
- Multiple trade mark
- E-Invoice applicability for new Startup
- Cash gift by grand mother to her grand daughter
- 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
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
