Unclaimed depreciation- Laptop

For example, I purchased a laptop for Rs 10000 on 1st Jan 2023. FY 22-23 ,I calimed depreciation Rs 2000(Rs 10000*20%) ie 50% of 40%. How much depreciation can be claimed in FY 23-24. Rs 3200 or 5200? Can we claim unclaimed depreciation for succeeding previous year(2023-24)
Replies (18)
Quick Summary
This discussion clarifies the rules around claiming depreciation on laptops, particularly when an asset is used for less than 180 days in a financial year. It explains that depreciation is calculated annually and unclaimed amounts from a previous year generally cannot be carried forward to the next. The conversation also touches upon the distinction between normal depreciation and additional depreciation, and provides guidance on how to calculate the claimable amount for the succeeding financial year.

Rs. 3200/-....

Unclaimed...???

Can You elaborate with details please...???
Asset purchased and put into use for less than 180 days. So I claimed depreciation @ 50%. I have a doubt regarding the balance 50%
No...
That's not available. Bcoz, It's used Less than 180 days. As per this available depreciation only 50%.
It's not unclaimed depreciation...
What will be the depreciation amount for FY 23-24?
That's already noted...
Rs. 3200/-...

Let’s break down the depreciation calculation for your laptop:

  1. Initial Cost of Laptop: Rs 10,000
  2. Depreciation Rate: 20% (as you mentioned)
  3. Depreciable Amount: Rs 10,000 - Rs 2,000 (claimed in FY 22-23) = Rs 8,000

Now, let’s calculate the annual depreciation using the straight-line method:

  • Annual Depreciation = Depreciable Amount / Useful Life
  • Useful Life (in years) = 5 (since you haven’t mentioned a specific useful life, I’ll assume 5 years)

Annual Depreciation = Rs 8,000 / 5 = Rs 1,600

For FY 23-24, you can claim a depreciation of Rs 1,600 for your laptop.

Regarding unclaimed depreciation from the previous year (FY 22-23), unfortunately, you cannot carry forward unclaimed depreciation to the succeeding year (FY 23-24). Each financial year’s depreciation is calculated independently based on the asset’s value and useful life during that specific year.

Therefore, the total depreciation claimed in FY 23-24 would be Rs 1,600, and you cannot include any unclaimed depreciation from the previous year.

If you have any more questions or need further clarification, feel free to ask! 😊

Ohhh God....

@ Yasaswi,

Already I told you...
Please come out from the straight view as You worked, also don't see as chariot horse...


Your reply is may be right if pvt Ltd...

Please avoid these practice...

LOL. I invented world class code today and made a blog https://yasaswigomes.blogspot.com/2024/02/hi-all-another-day-at-work-and-i-am.html here. everyone will be shocked :)

Lol & Lolll...

I don't like self advertising...

Sorry, I'm not like this...

Enjoy with Your invention....


GOOD LUCK...
Asset is acquired by the assessee during the previous year and is put to use for the purposes of business for a period of less than one hundred and eighty days in that previous year, and the deduction under this sub-section in respect of such asset is restricted to fifty per cent of the amount calculated at the percentage prescribed for an asset under clause [iia] for that previous year, then, the deduction for the balance fifty per cent of the amount calculated at the percentage prescribed for such asset under clause [iia] shall be allowed under this sub-section in the immediately succeeding previous year in respect of such asset


Can anyone please explain this?

Stay like that dont worry for not trying. triers are loosers

Complete Guide on Depreciation as per Income Tax - Section 32 - TaxAdda 

i didnt get your clauses. maybe this will help

You are getting confused between between depreciation and additional depreciation

Depreciation has insufficient examples like how the economy is in a deficit. Oherwise why would anyone ask questions about depreciation when google and bing are there? 

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