Sale of asset
This query is : Resolved
25 February 2016
if an individual is having a asset (dumper) wdv as on 01/04/2012 138058 and purcahsed a new asset in oct 2012 for 750000 dep has been charged @ 30%. In 2013 the newly purchased asset has been sold for around 506000 in sept 2013. what wil be the closing bal as on 31/03/2014.
25 February 2016
If new asset purchased in 2012 is used less than 180 day than depreciation is 50% of 30% can be claimed.
Op wdv 138058 + 750000 - 153917(dep) - 506000 ( money payable) = 228141 on this amount dep can be claimed in 31.3.14
Op wdv 138058 + 750000 - 153917(dep) - 506000 ( money payable) = 228141 on this amount dep can be claimed in 31.3.14
26 February 2016
Loss automatically allow you as future depreciation. Because loss is included in your closing wdv
28 February 2016
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