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Depreciation on car

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 July 2014 Assesee has car wdv is 45000 but he sold it for 85000 as on 1 june 2013 and he purchased another car worth rs 700000 as on 12 june 2013 what will be the depreciation for income tax purpose
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Vishnu Saboo

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Vishnu Saboo (Expert)
15 July 2014 40000 is ur profit on sale of FA.
for new car you charge normal dep for period.
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bhagwat Indore

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bhagwat Indore (Querist)
09 July 2016 for IT 85000-45000 is depreciation
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