Capital gains computation in case of depreciable assets
This query is : Resolved
11 February 2018
I have a doubt in Capital gains (Section 50 :Computation of CG in case of Depreciable assets) about the following scenario
Example :-
Assessee have 7 assets in one block of assets, WDV - 10,00,000.
He sold 5 assets for 12,00,000
Here Block becomes Zero and STCG amounts to 2,00,000.
But, what about the remaining two assets in the block ?
How to treat them in the subsequent PYs?
Example :-
Assessee have 7 assets in one block of assets, WDV - 10,00,000.
He sold 5 assets for 12,00,000
Here Block becomes Zero and STCG amounts to 2,00,000.
But, what about the remaining two assets in the block ?
How to treat them in the subsequent PYs?
11 February 2018
No depreciation need to be charged for subsequent PYs.
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