Stcg
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 August 2012
Dear Experts,
Please explain the following problem.
WDV of a block of assets Rs 2o lakhs as on 01.04.2011.
Additions on 15.12.2011,Rs 5 lakhs
Sale during 2011-12 Rs 10 lakhs.
What will be the WDV as on 31.03 2012?
If the rate of depreciation applicable is 10% ,what will be the depreciation?
What will be the STCG or STCL in the above case?
Please explain the following problem.
WDV of a block of assets Rs 2o lakhs as on 01.04.2011.
Additions on 15.12.2011,Rs 5 lakhs
Sale during 2011-12 Rs 10 lakhs.
What will be the WDV as on 31.03 2012?
If the rate of depreciation applicable is 10% ,what will be the depreciation?
What will be the STCG or STCL in the above case?
Guest
Guest
(Expert)
22 August 2012
WDV as on 31.3.2012= 20+5-10 = 15 lakhs.
Depreciation: on opening WDV: 10,00,000 * 10% = 1,00,000/-
on additions = 500000*5% = 25000/-
Total Depreciation: 125000/-
WDV as on 31.3.12= 13,75,000/-
Note: In the above calculation it is assumed that few assets are left in that block.
Depreciation: on opening WDV: 10,00,000 * 10% = 1,00,000/-
on additions = 500000*5% = 25000/-
Total Depreciation: 125000/-
WDV as on 31.3.12= 13,75,000/-
Note: In the above calculation it is assumed that few assets are left in that block.
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