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Depreciation - it - block of assets

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(Querist)
25 September 2013 In case of a compnay WDV of a block of Assets consisting of 8 computers is Rs.25000 - Out of these 5 computers are sold for Rs. 60000.

Kindly guide as per Income Tax Act
1.)The value at which the Block is to be carried forward as 3 computers still remain.
2.) How much depreciation to be charged this year.

This problem arising because 3 computers still remain but the Salue Value is higher than the WDV of the block.
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Ankit

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Ankit (Expert)
25 September 2013 Dear Shraddha,

the block will be carried at Zero since the value is now reduced to nil
however, you will have to calculate Capital Gains u/s 50(1)
However, the block will continue to be shown in the ITR forms since, the assets under the same continue to exist
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