Depreciation - wdv
This query is : Resolved
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
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
(Expert)
08 August 2014
it better to take after deemed depreciation . in 2014-15 and then take depreciation after the WDV.
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