Depreciation u/s 32
This query is : Resolved
11 November 2014
During the F.Y. 2012-13 a block of asset of 15% whose WDV was Rs. 154866 comprising of 3 assets and one of the asset sold at 245000, and due to that the block of 15% was shown nill in F.Y. 2012-13 return of income and capital gain was shown. Now the problem arising, yet two more asset of 15% is there which has opening balance in F.Y. 2013-14. How to show that in the return of income in the F.Y. 2013-14. Please guide me for the same
11 November 2014
what is the problem? Are you applying the rule of BLOCK of ASSET cease to exist? Only one of the assets was sold....continue with the other assets.
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