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Loss in sale of assets

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 May 2016 Hello Experts,
Our block WDV was 734670/- as on
1/4/2015 but one asset (car) sold on
7/11/2015 Rs. 150000/- however this car
Wdv was 196768/- as on 1/4/2015 hence
the loss of 46768, please tell me on which
amount dep. Will be charge,

Regard
Ankit jaiswal
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CA Darshan

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CA Darshan (Expert)
07 May 2016 As per Income Tax, In block of asset method u need to charge depreciation on Block of Asset. I.e. 734670-150000=584670

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