How can I calculate Depriciation on Fixed AND CURRENT
ASSESTS ?

Answer Posted / rajesh

at the end of Financial year a assets will avail with the
firm then derpriciation charges allow to the assets.
depriciation is use to intence of the assets. its used to
plance & monchinery depriciation allow maximum to the
machinary. for Ex. Truck is used in Tranport 60 %
depriciation & its used a service to our other busined
Depriciation avail 25% per annum

Is This Answer Correct ?    5 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

if salary paid per month Rs 80000/ I will deduct TDS from his salary, please what I do explain.(send Urgently)

929


how to finalaze the balence process using tally

1906


How To Calculate Gross Sales for vat return -15

1696


Rules for filling Income Tax return for a MNC?

1610


who will able to deduct the tds

5049






what is procedure of calculation of TDS by bank?

1658


What is Labour Cess? Pl. define. & what is rate of Labour cess.

4102


we issued the H form for the 1st quarter 2014-15 but in the 2A we posted the wrong TIN no of party and H form is also contains the wrong TIN No.if anybody know the correct procedure for correction of H Form kindly tell us. 

2067


CERTAIN LIST OF EXPENSES ARE MENTIONED IN SECTION 35D regarding amortisation of such expenses........not included in the list are expenses like administrative expenses,consultancy fees etc...if these expenses are of revenue nature then well and good enough, problem taken care of.If it is not of revenue nature nor is it included in the list, how do u treat such expenses. Do u capitalise them by way of fixed assets or sunk costs or what do u do? any case laws that talk about expenses not mentioned in the section?

1934


My client is a Partnership Firm and was converted in to the Pvt. Company. Now, the Question is that the both the entity i.e. Partnership Firm and Company entitled to get the Depreciation of Proportionarate basis, they used the Assets? I reffered to the Income TAx Act, there is no any specification regarding the convertion only the amalagamation and merger.

1589


Please advise where to enter Income tax paid to Govt. in tally and on which head account to be created///

1483


over all details about tax what is mean by headge fund and detail explanation?

1737


why charges PURCHASE @ 15 % TAX RATE ?

1624


Hi,when we pass a clearing entry of paid and unpaid tax how do we show the business area the way the business area can be seen.is there any change that i have to do in the configuration of this GL.my client wants that the business area also reflects when we post the gl.please help.

1571


WHAT IS THE PORVISION OF INCOME TAX & SELF ASSESSMENT TAX AFTER AUDIT IN PVT LTD CO & LTD CO , PLEASE GIEVE ANSWER IN DETAIL WITH ENTERY TO MY E-MAIL ADDRESSS

1635