Capital gain calculation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 February 2013
Respected sir/mam,
i have a small query on calculation of capital gains.
if entire block of asset is sold by a co. for a price which is more than its WDV as on the 1st day of a previous year, will co. get depreciation for the year.
and also if a co. is eligible for additional depreciation can it claim additional depreciation ?
please tell me how to do computation & present Short term capital gain.
i have a small query on calculation of capital gains.
if entire block of asset is sold by a co. for a price which is more than its WDV as on the 1st day of a previous year, will co. get depreciation for the year.
and also if a co. is eligible for additional depreciation can it claim additional depreciation ?
please tell me how to do computation & present Short term capital gain.
Guest
Guest
(Expert)
18 February 2013
Depreciation will not be allowed in the year of sale. Same is the position of additional depreciation.
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