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Capital Gains

Direct Taxation

Ma'am /Sir Good evening Assume if the WDV of the depreciable asset of block is 50lacs and the tax is 10% then should we while calculating next time take the WDV as 45lacs Video - Capital Gains in case of depreciable asset Also one new doubt Please can u explain why did we take 7.5%for full WDV as that only refers to one asset but the WDV IS for 3assets put together.

aman kawad

CA Inter

★ 7K+

28-Jun-20 18:49

330

Answers (1)

While calculating depreciation please note that asset put to use will be considered.If put to use is less than 180 days then 50% of applicable rate is taken and greater than 180 days full depreciation is considered.If asset is sold then no depreciation is claimed.