Menu
Can any one answer the following query
fix assets depreciation we sold a car dt. 19.02.2016 @ Rs.573750/- including 12.5% vat rate & wdv value as on 1st april 2015 Rs.717804/- how many percent depreciation calculated & loss on vehicle entry
Replies (1)
- First you need to calculate depreciation from 1/4/15 till date of sale to arrive at the WDV as on date of sale (i.e. 717804 - x) where x is the depreciation
- From the balance deduct Rs.510000 (excluding VAT) to arrive at the loss
Recent Topic
- Can i should STCG and LTCG as business income ?
- Capital contribution in Firm
- Form 3CD – Clause 20(b) | ESI Contribution &
- Capital Gains on Dissolution of Partnership
- GST Payment through DRC-03 by cash against notice
- Schedule EI for ITR1
- INCOME TAX DEPARTMENT: DOUBLE STANDARDS
- ITR-4,under presumptive Taxation
- TDS data mismatch with SFT
- Resale of under construction Residential Flat part
Related Topics
CAclubindia
