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Fixed asset value

This query is : Resolved 
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(Querist)
14 February 2017 Respected Expert

One Client purchased a Lorry 4 years back.He wants to file return for 2016-17.Please tell me Where to Take lorry value in IT RETURN for depreciation purpose. Is it wdv value or addition for more than 180 days
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Sandeep Sankaran

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Sandeep Sankaran (Expert)
14 February 2017 Depreciation has to be calculated on WDV of the lorry. Calculate the depreciation for 4 years and show the balance as Opening WDV and calculate current years depreciation on the opening WDV.
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