Depreciation - wdv

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niki (Querist)
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08 August 2014 Dear All,

I had purchased a laptop for Rs. 40,000/- in April 2012 and I used it for personal purposes. Since May 2013, I started using it for professional purposes.

On what amount can I claim the depreciation @60% for the A.Y. 2014-15.

i.e. on the cost of Rs. 40,000/- which I had paid in FY 2012-13

or should I calculate WDV as on 01/05/2013 by reducing deemed depreciation and claim depreciation on such WDV?

Thanks & Regards

Niki

Rupesh Jain

Rupesh Jain (Expert)
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08 August 2014 it better to take after deemed depreciation . in 2014-15 and then take depreciation after the WDV.

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