21 August 2012
asset as on 1/4/11 = Rs. 200000,as on 1/5/11 this asset is sold out for Rs.400000. as on 1/8/11 new asset is purchase for Rs.500000. What is the depreciation under sec 32 as per income tax for the F.Y.11-12..Please give me answer.
21 August 2012
Opening WDV- RS. 200000 Add: addition during the year.Rs. 500000 less: Sale during the year Rs. 400000 WDV Rs. 300000 Depreciation on above @10% Rs. 30000
CAclubindia
