Section 32
This query is : Resolved
18 May 2014
Opening wdv is given 75lacs and capacity is 12000 tons. New machinery purchased by taking loan @10% of rs10lacs and capacity increased to 13000tons. By provision of 32 and additional depreciation comes to be 13lacs but it's given 1304375. How this amount came?? Is capacity change causes any calculation difference??
CA.Shubhneet Kaur
(Expert)
19 May 2014
Provide me the full details of your question.
Rupesh Jain
(Expert)
19 May 2014
additional depreciation will e @ 20% on additional amount of machinery.
10 lacs @ 20% it will come Rs.200000/-
not rs. 1304375
10 lacs @ 20% it will come Rs.200000/-
not rs. 1304375
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- GSTR9 Annual Return
- Employee secondment
- Ito add credit side of bank
- Rent agreement of House of deceased person
- LLP audit and disclosure
- Applicability of tax on invoice
- Capital gain on commercial property and investment in residential property
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Import of Capital Machine
- Closer of business and itc of capital goods
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
