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Wdv

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(Querist)
15 September 2012 if wdv of a asset in block is rs 100000 n its sold for 150000 and block continues to exist. then what will be cosing wdv(not considering derpiciation).
and what if same asset is sold for 50000.what will be wdv now
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CA Lokesh Pokharna

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CA Lokesh Pokharna (Expert)
15 September 2012 assets value not permissible in negative hence in 1st case dep. allowable will be zero.
in 2nd case it will be rate x(100000-50000)(if block exist) otherwise zero.
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Sneha dagli

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Sneha dagli (Querist)
15 September 2012 my question is regarding wdv in first case.What will be wdv if other assets in block has value of 500000
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CA Lokesh Pokharna

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CA Lokesh Pokharna (Expert)
15 September 2012 op wdv(1+5)= 6lac
less: assets sold 1.5 lac

wdv = 4.5 lac
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
15 September 2012 Pls specify the block and which assets' wdv is 1 lakh and which assets' wdv is 5 lakhs??
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