06 May 2011
The WDV of block of motorcar as on 1.4.2010 is 16,36,669. A car tavera is sold from this block as on 16.6.2010 for Rs. 400000 Then what will be WDV of block as on 31.3.2011 & depreciation for the year 2010-11 as income tax act? Please give me calculations.
CAclubindia
