Section 32
This query is : Resolved
18 May 2014
Opening wdv is given 75lacs and capacity is 12000 tons. New machinery purchased by taking loan @10% of rs10lacs and capacity increased to 13000tons. By provision of 32 and additional depreciation comes to be 13lacs but it's given 1304375. How this amount came?? Is capacity change causes any calculation difference??
CA.Shubhneet Kaur
(Expert)
19 May 2014
Provide me the full details of your question.
Rupesh Jain
(Expert)
19 May 2014
additional depreciation will e @ 20% on additional amount of machinery.
10 lacs @ 20% it will come Rs.200000/-
not rs. 1304375
10 lacs @ 20% it will come Rs.200000/-
not rs. 1304375
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