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Section 50 - block of capital assets

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(Querist)
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)
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WDV on 31.3.2024 minus Rs. 1.0 crore
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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
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
07 February 2024 You are right stcg is 1 crore only.
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