06 February 2024
op. wdv on 1.4.2023 Rs. 1 crore add purchase in Feb 2024 50 lakhs
Less sale value in Dec 2023 Rs. 2.5 crore (here on 31.12.2024, block becomes negative) ----------------------------------------------- WDV on 31.3.2024 minus Rs. 1.0 crore =========================== my question is --> even if block becomes negative on 31.12.2024, (i.e. opening 1 crore minus sale 2.5 crore), its ok? i mean, short term cap gain will be only rs. 1 crore for fy2324, right?
my view --> yes, stcg will be only 1 crore for entire fy2324, because, sequence in section 50 is op + acquired DURING PREVIOUS YEAR minus sale value. regards, ca kunjan
CAclubindia
