Income tax depreciation deductions

Rajesh (QA) (21 Points)

14 February 2025  

If an asset is purchased on 01/04/2023 and retired on 31/08/2023.

If income tax depreciation is run for the period 01/04/2023 to 31/03/2024.

how will be deductions considered will it be more than 180 days or less than 180 days.

 

Opening wdv : 50000 

Additions  :30000   

 Same asset retired with sold amount :10000     .

what will be depreciation calculation for more than 180 days.