Depriciation

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Querist : Anonymous

Querist : Anonymous (Querist)

17 April 2013 If I have purchase two wheeler one month ago Rs 60000/- so how many depreciation consider in next year

Pankaj Gupta

Pankaj Gupta (Expert)
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17 April 2013 As per income tax act, eligible depreciation is 1/2 of 15% . Ie 7.5% on 60000.

Pankaj Gupta

Pankaj Gupta (Expert)
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17 April 2013 If purchased in march 2013, then depreciation for fy 12-13 will be 7.5 % on 60000. In fy 13-14 eligible depreciation is 15% on remaining value of asset after previous depreciation.

Querist : Anonymous

Querist : Anonymous (Querist)

17 April 2013 Thanks for kindly reply.

Pankaj Gupta

Pankaj Gupta (Expert)
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18 April 2013 You should thank the expert by clicking on the icon ''thank user" . The icon is present below the pic of the expert.

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