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Depreciation rate

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 December 2013 i have purchased machine 01.05.2012 put to use on 01.12.2013 what will depreciation on machine in FY.2013-14.
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Ganeshbabu K

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Ganeshbabu K (Expert)
23 December 2013 if you adopted deprecian rate as per WDV method and minimum rate taken as per co. act.. then it will be
.
.
=cost of machine*13.91%*(no.of days used/365)


no. of days used = (31.03.2014 to 01.12.2013)
=31+31+28+31
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Querist : Anonymous

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Querist : Anonymous (Querist)
23 December 2013 depreciation rate as per income tax act.
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Ganeshbabu K

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Ganeshbabu K (Expert)
23 December 2013 @ 15%
..
.
so it will come for 15000 as machine used for less than 180 days

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