Depreciation as per income tax act.
CA AMIT SOMANI (Proprietor) (38 Points)
30 July 2016CA AMIT SOMANI (Proprietor) (38 Points)
30 July 2016
Ruchi
(CA)
(1410 Points)
Replied 30 July 2016
(50000-60000+40000)= 30000. This will be the wdv on which depreciation as on 31st march 2016 should be availed. Depreciation would be 7.5% of 30000 i.e. 2250.