Capital gain
This query is : Resolved
07 August 2014
gain on depreciable asset ,is A long OR short term capital gain ?
&
IN company
capital gain is calculate block wise OR asset wise
&
IN company
capital gain is calculate block wise OR asset wise
07 August 2014
as per sec 50 of Income tax act. capital gain on depreciabel asset is short term capial gain
in company ,capital gain is caluculated on block of assets sec 50 (2)
in company ,capital gain is caluculated on block of assets sec 50 (2)
08 August 2014
block of assets (2013-14)opening WDV
A 15000
B 15000
C 16000
i sold Asset A for 50000 in 2013-14
that block valu is 0
but still some asset are continued
& in 2014-15
i sold Asset B for 25000
please tel in two situation how can i calculate capital gain ?
A 15000
B 15000
C 16000
i sold Asset A for 50000 in 2013-14
that block valu is 0
but still some asset are continued
& in 2014-15
i sold Asset B for 25000
please tel in two situation how can i calculate capital gain ?
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