WDV to amalgamated company
This query is : Resolved
CA Anshu Agarwal
(Querist)
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 ?
CA Sanat Pyne
(Expert)
27 June 2010
405000
Message likes :
1 times
Shudhanshu Agrawal
(Expert)
28 June 2010
agreed WDV shall be 405000.
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