Block =15%
Opening wdv as on 1-4-2010 =5,00000 consist of 5 machineries
Addition during the year
as on 1-8-2010 for 1 lakh
as on 31-12-2010 for 2 lakh
Deletion during the year
5 old machinery sold for sold as on 12-3-2011 for 5,30,000 /-
(i)what will be the depriciation for A/Y 11-12
(ii)if only 2 old machinery are sold at 5,30,000/-
what will be the dep???
answer will be sme in both the cases....i.e. Rs.20250/-
@ vinayak puri
will u plz show me in detail
under income tax, block of asset method is followed i.e. individual asset looses its identity.......
@ pathan
yes , i m asking dep under IT Act.
plz write the solution, how 20250 comes?
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