Depreciation allowable under income tax act
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 November 2014
Dear Sir
Pls let me know about the depreciation allowable under It Act
Block Rate : 15%
Opening WDV Rs. 1004014
Addition:
1st Half : Rs 790207/-
2nd Half : Rs 640000/-
Sales :
1st Half : Rs 882782/-
2nd Half : Rs 583079
Pls let me know about the depreciation allowable under It Act
Block Rate : 15%
Opening WDV Rs. 1004014
Addition:
1st Half : Rs 790207/-
2nd Half : Rs 640000/-
Sales :
1st Half : Rs 882782/-
2nd Half : Rs 583079
22 November 2014
Closing WDV before depreciation = 968360
Dep on 640000 = 640000*15%*50% = 48000
Dep on balance 328360 = 328360*15%= 49254
Total dep = 97254
Closing EDV = 871106
Dep on 640000 = 640000*15%*50% = 48000
Dep on balance 328360 = 328360*15%= 49254
Total dep = 97254
Closing EDV = 871106
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