Wdv opening balance in balance sheet

Hi Rehman

If the Car is used for business purpose, You need to calculate revised book value of car as on Aug-23. Rate of depreciation you can consider is 15% under WDV Method.

For depreciation rates, refer III. MACHINERY AND PLANT category in below link:

Link: https://incometaxindia.gov.in/charts%20%20tables/depreciation%20rates.htm

Thanks

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