depreciation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 June 2011 a motor car which is used for private as well as business purpose.
private purpose is estimated to be 20%.
WDV at begining is 200000.
so depreciation claim is 24000 (200000*15%*80%)
what will be the WDV for next year?
176000 or 170000 (200000-30000) .

Rakesh Jain

Rakesh Jain (Expert)
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04 June 2011 Dear,

In your case the WDV of such Car shall be Rs. 170000/-. If a assets is used for personal benifit it doesnot make any effect on the Dep. calculation. So Whole Rs 30000/- shall be deducted from WDV of Assets.

In your case the dep. allowed as allowance shall be 24000/- and remaining 6000/- shall be considered as disallowance.

With Regards,