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Wdv of depreciable asset

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 October 2011 Hi.......
Any one can u tell me in which section it is written that at the time of computation of short term capital gain on depreciable asset, cost of acquisition is taken as WDV of asset?

Please do the help with reference.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
22 October 2011 Section 50(1)(ii) may be referred to.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
22 October 2011 Section 50(1)
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Arun Iyer

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Arun Iyer (Expert)
22 October 2011 Thanks To Me Also
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