What depreciation method will be used for calculation of wdv for sale of old truck. (For calculation of gst on profit)
2 Replies
Rama chary Rachakonda
(Master in Accounts & high court Advocate)
(8626 Points)
Replied 07 July 2025
For calculating GST on profit, we need to determine the WDV method of the asset sold.
sabyasachi mukherjee
(27858 Points)
Replied 08 July 2025
The wdv as per companies act or income tax act.
Recent Topics
- Amount withdrawn from capital gain account scheme
- TDS RETURN REJECTED with Reason Line no 2 –
- Issue in e_filing of IT return
- New India Coop Bank Frozen Account
- GST Registration for export of services under sec2
- Exemption Available or not under new tax regime
- Loss on F & O
- FCNR DEPOSIT INTEREST EARNED REPORTING IN ITR2
- Rectification of tDS
- Interest from SCSS in ITR
Related Threads
Trending Online Classes
CAclubindia
