28 April 2011
The income earned from a depreciable asset is being charged under the head other sources and such depreciation is claimed as deduction against the income earned. The same asset has been sold during the previous year. what is the capital gain treatment for the sold asset???
12 September 2013
Sir i am could not understand please explain briefly... (whether block of asset concept is applicable only for income from business or profession or to any other head?)
CAclubindia
