Direct Tax dep.

P3(Page 5.6): K industries owned six machines which were in use in its business in March, 2016. Depreciation on these machines was available as “plant”. The written down value of these machines at the end of previous year relevant to assessment year 2016-17 was Rs. 6,50,000. A new plant was bought for Rs. 6,50,000 on November 30, 2016.
Three of the old machines were sold on June 10, 2016 for Rs. 9,00,000. Required :
a. Compute the claim to depreciation for assessment year 2017-18 and
b. Capital gains liable to tax for the same assessment year.
c. If K industries had sold the three machines in June, 2016 for Rs. 14,00,000, will there be any difference in your working ? Explain.

Ans: 22,688; no capital gain; 1,97,500.


please tell that how 22688 comes.