Capital gain
This query is : Resolved
vinay nair
(Querist)
18 April 2012
e.g 1. WDV of block of asset is RS2,00,000/- OF WHICH 100000 SOLD FOR 200000 ,Whether capital gain will be apply or not ?
CA CS Amit S. Kedia
(Expert)
18 April 2012
No capital gain if the block is not empty.
CA CS Amit S. Kedia
(Expert)
18 April 2012
There will be no capital gain, The WDV at the end of the year will be "Nil".
vinay nair
(Querist)
18 April 2012
thank u ......
CA Kishore Tallam
(Expert)
18 April 2012
Agree with expert. But from now onwards, if u receive even a single Re. 1 from sale of assets in that block, it will be treated as STCG (assuming no other asset is added into block).
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