Tax
This query is : Resolved
ChAnDrAsHeKaR
(Querist)
14 October 2009
If all the old mach r sold 4 Rs 40lac.
Rate of Dep = 30%
New Asset Aqd is less than 180 Days & for office use.
op wdv of the Block = 4200000
Add: Actual Cost of Assets Aqd= 1400000
Less: Moneys Payable : 4000000
a) WDV for Chg Dep : 1600000
b) Normal Dep u/s 32: 60000
My Quest is how the dep is been calculated.
Rate of Dep = 30%
New Asset Aqd is less than 180 Days & for office use.
op wdv of the Block = 4200000
Add: Actual Cost of Assets Aqd= 1400000
Less: Moneys Payable : 4000000
a) WDV for Chg Dep : 1600000
b) Normal Dep u/s 32: 60000
My Quest is how the dep is been calculated.
sunny bansal
(Expert)
15 October 2009
op wdv of the Block = 4200000
Add: Actual Cost of Assets Aqd= 1400000
Less: Moneys Payable : 4000000
WDV for Chg Dep : 1600000
out of which on Rs.200000@30% 60000
and on Rs.1400000@15% 21000
=======
81000
Add: Actual Cost of Assets Aqd= 1400000
Less: Moneys Payable : 4000000
WDV for Chg Dep : 1600000
out of which on Rs.200000@30% 60000
and on Rs.1400000@15% 21000
=======
81000
ChAnDrAsHeKaR
(Querist)
16 October 2009
i m Very sorry, rate of Dep is 15%, instead of 30%
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