Depreciation u/s 32

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khyati shah (Querist)
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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

Amol S Joglekar

Amol S Joglekar (Expert)
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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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