WDV to amalgamated company
This query is : Resolved
27 June 2010
section 32: and explanation 2 to 43(6):
ABC ltd. Amalgamated to XYZ ltd. On 01-10-2008.
WDV as on 31-03-2008 = 500000. (deprecation rate 10%)
Depreciation during P.Y. 2007-08 = 50000
Op. WDV for P.Y. 2008-09 = 450000
Depreciation during P.Y. 2008-09 = 45000
Dep. To ABC ltd. = 45000/2 = 22500
Dep. To XYZ ltd. = 45000/2 = 22500
Op. WDV for P.Y. 2009-10 to XYZ ltd. = 405000 or 427500 ?
ABC ltd. Amalgamated to XYZ ltd. On 01-10-2008.
WDV as on 31-03-2008 = 500000. (deprecation rate 10%)
Depreciation during P.Y. 2007-08 = 50000
Op. WDV for P.Y. 2008-09 = 450000
Depreciation during P.Y. 2008-09 = 45000
Dep. To ABC ltd. = 45000/2 = 22500
Dep. To XYZ ltd. = 45000/2 = 22500
Op. WDV for P.Y. 2009-10 to XYZ ltd. = 405000 or 427500 ?
27 June 2010
405000
Message likes :
1 times
28 June 2010
agreed WDV shall be 405000.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Supply through E-commerce Operators
- Rent lease agreement
- Relief u/s Section 89
- REGARDING SECTION 44AE
- Merchant Export Accounting
- Taxation on LTCG for property sold after 24JUL2024
- REGARDING GST LIABILITY/....
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
