QUERY ON CAPITAL GAIN U/S 45(1A)
My opening machine 15% block WDV On 01.04.2018 Rs 10 Lakh on 30.09.2018 fire broke out and its destroyed ,Ins company claim Rs 5 lakh given on (2019-2020) on dt 05.05.2019 i. next yr
Que is FOR FY 2018-2019 I have to cmopute dep or not ,What treatment in 19-20 and 18-19
shw working yr wise
if there is block of assets exist and there is Closing WDV then depreciation shall be calculated otherwise NOT .
CAclubindia
