Tax

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ChAnDrAsHeKaR (Querist)
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14 October 2009 If all the old mach r sold 4 Rs 40lac.
Rate of Dep = 30%
New Asset Aqd is less than 180 Days & for office use.
op wdv of the Block = 4200000
Add: Actual Cost of Assets Aqd= 1400000
Less: Moneys Payable : 4000000
a) WDV for Chg Dep : 1600000
b) Normal Dep u/s 32: 60000

My Quest is how the dep is been calculated.

sunny bansal

sunny bansal (Expert)
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15 October 2009 op wdv of the Block = 4200000
Add: Actual Cost of Assets Aqd= 1400000
Less: Moneys Payable : 4000000
WDV for Chg Dep : 1600000

out of which on Rs.200000@30% 60000

and on Rs.1400000@15% 21000
=======
81000

ChAnDrAsHeKaR

ChAnDrAsHeKaR (Querist)
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16 October 2009 i m Very sorry, rate of Dep is 15%, instead of 30%

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