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Section 32

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(Querist)
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??
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CA.Shubhneet Kaur

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CA.Shubhneet Kaur (Expert)
19 May 2014 Provide me the full details of your question.
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Rupesh Jain

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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

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