Calculation of depriciation

roopanand (no) (178 Points)

19 July 2012

For a Block of Asset

Opening WDV 1039939

Sold On 22/01/2012 For 925000

Purchased On 23/01/2012 For 1575000

Friends Please Calculate the Depriciation

rate will be 15%

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3 Replies

Ganeshbabu K (Audit and Tax Advisory) (48564 Points)
Replied 19 July 2012

=1039939*15%+925000*15%+1575000*15%/2

roopanand (no) (178 Points)
Replied 19 July 2012

Opening Wdv

1039939

Less: Sold

925000

Add:aditions

1575000

Total

1689939

Out Of wich Depriceation is to deducted @ 15%

Pallavi (PCA) (95 Points)
Replied 19 July 2012

Depreciation @ 7.5% on 1575000 i.e. Rs. 118125 & @ 15% on 114939 i.e. Rs. 17240.85. Total dep as per IT Act is Rs. 135365.85 Rs.

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