Depreciation under sec 32
This query is : Resolved
21 August 2012
asset as on 1/4/11 = Rs. 200000,as on 1/5/11 this asset is sold out for Rs.400000. as on 1/8/11 new asset is purchase for Rs.500000. What is the depreciation under sec 32 as per income tax for the F.Y.11-12..Please give me answer.
21 August 2012
depreciation will be allowed on Rs. 300000 at the rate prescribed.
21 August 2012
Opening WDV- RS. 200000
Add: addition during the year.Rs. 500000
less: Sale during the year Rs. 400000
WDV Rs. 300000
Depreciation on above @10% Rs. 30000
Add: addition during the year.Rs. 500000
less: Sale during the year Rs. 400000
WDV Rs. 300000
Depreciation on above @10% Rs. 30000
21 August 2012
Agreed with the reply
Message likes :
1 times
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
- ITR 2 Short Term gain & Long term gain
- Off Market debit and credit transaction
- Reporting Income under Section 44ADA
- Itr 1 processing
- Short Term Capital gain on shares bought and sold after 2018 onwards
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Bank Accounts in Balance Sheet for ITR 3
- ITR 1: Details for showing Exempt Income
- ITR validation error - Balance sheet is not filled
- ITR returnFY25-26
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
