Wdv opening balance in balance sheet
Ataur Rehman (146 Points)
06 October 2023Ataur Rehman (146 Points)
06 October 2023
Eswar Reddy S
(CFO- at NHTF)
(58263 Points)
Replied 06 October 2023
Sandeep Jain
(Pivate)
(1398 Points)
Replied 06 October 2023
Eswar Reddy S
(CFO- at NHTF)
(58263 Points)
Replied 06 October 2023
Veeru's Acadamy
(CA)
(115 Points)
Replied 09 October 2023
Hi Rehman
If the Car is used for business purpose, You need to calculate revised book value of car as on Aug-23. Rate of depreciation you can consider is 15% under WDV Method.
For depreciation rates, refer III. MACHINERY AND PLANT category in below link:
Link: https://incometaxindia.gov.in/charts%20%20tables/depreciation%20rates.htm
Thanks
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