Forums

Back

Capital gain

Direct Taxation

Doubt:In this question depreciation should be calculated as op wdv=8.5 lakhs*15% and new purchase 8.5lakh *7.5% right... But they done as 6lkh *7.5%

Prasanna Ram

CA Inter

★ 0

22-Feb-23 14:15

532

Answers (7)

It is correct.

Varun Mulay

CA Final

★ 39K+

22-Feb-23 14:22

Depreciation= 600,000@7.5%

Varun Mulay

CA Final

★ 39K+

22-Feb-23 14:22

What about my opinion actually we should do like this right

Thread Starter

Prasanna Ram

CA Inter

★ 0

22-Feb-23 14:38

Machine from opening block is sold. So no depreciation on that.

CA Suraj Lakhotia

Admin

22-Feb-23 14:42

Tq sir

Thread Starter

Prasanna Ram

CA Inter

★ 0

22-Feb-23 15:10

Thread Starter

Prasanna Ram

What about my opinion actually we should do like this right

Always Use FIFO method

Varun Mulay

CA Final

★ 39K+

22-Feb-23 19:03

Okok tq sir

Thread Starter

Prasanna Ram

CA Inter

★ 0

22-Feb-23 19:08