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PGBP DEPRECIATION

Direct Taxation

While calculating depreciation when machine is purchased 1-08-2019 prescribed limit of 45%,how to apply that rate.Is 45% is charged over life time or only in that particular year.If asset is purchased in that period what is DEPRECIATION after 2years

Sairam Reddy

Sairam Reddy

CA Final

★ 10K+

18-Apr-22 13:00

576

Answers (3)

Best Answer

Charged every year at 45% WDV

Yoga Vishnu

Yoga Vishnu

CA Final

★ 11K+

18-Apr-22 14:42

*23-08-2019

Thread Starter

Sairam Reddy

Sairam Reddy

CA Final

★ 10K+

18-Apr-22 13:00

45% will be charged on closing wdv of asset every year

Sunita Gupta

Sunita Gupta

CA Inter

★ 2K+

22-Apr-22 07:48

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