Fixed asset value
This query is : Resolved
14 February 2017
Respected Expert
One Client purchased a Lorry 4 years back.He wants to file return for 2016-17.Please tell me Where to Take lorry value in IT RETURN for depreciation purpose. Is it wdv value or addition for more than 180 days
One Client purchased a Lorry 4 years back.He wants to file return for 2016-17.Please tell me Where to Take lorry value in IT RETURN for depreciation purpose. Is it wdv value or addition for more than 180 days
14 February 2017
Depreciation has to be calculated on WDV of the lorry. Calculate the depreciation for 4 years and show the balance as Opening WDV and calculate current years depreciation on the opening WDV.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
