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Depreciation as per companies act

This query is : Resolved 
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(Querist)
26 March 2015 How to treat an asset under block concept if assets is sold during the year.


Please suggest
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
26 March 2015 then it must be reduced from the gross book value and it net book value under companies act.

profit or loss must be booked under profit and loss a/c
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