25 February 2016
if an individual is having a asset (dumper) wdv as on 01/04/2012 138058 and purcahsed a new asset in oct 2012 for 750000 dep has been charged @ 30%. In 2013 the newly purchased asset has been sold for around 506000 in sept 2013. what wil be the closing bal as on 31/03/2014.
25 February 2016
If new asset purchased in 2012 is used less than 180 day than depreciation is 50% of 30% can be claimed. Op wdv 138058 + 750000 - 153917(dep) - 506000 ( money payable) = 228141 on this amount dep can be claimed in 31.3.14
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