depreciation on asset sold in previous year
This query is : Resolved
06 May 2011
The WDV of block of motorcar as on 1.4.2010 is 16,36,669. A car tavera is sold from this block as on 16.6.2010 for Rs. 400000 Then what will be WDV of block as on 31.3.2011 & depreciation for the year 2010-11 as income tax act?
Please give me calculations.
Please give me calculations.
CA Navin Jain
(Expert)
06 May 2011
dep to be calculated on rs. 1236669 @15%
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