Depreciation on car
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 July 2014
Assesee has car wdv is 45000 but he sold it for 85000 as on 1 june 2013 and he purchased another car worth rs 700000 as on 12 june 2013 what will be the depreciation for income tax purpose
15 July 2014
40000 is ur profit on sale of FA.
for new car you charge normal dep for period.
for new car you charge normal dep for period.
Message likes :
1 times
09 July 2016
for IT 85000-45000 is depreciation
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