Capital gain on Sale of depreciable assets

Friend, As per Income Tax Act, any difference between sale proceeds and WDV of the machinery will be dealt in following ways : a) still other machinery exists in the block - reduce the sales proceeds from the WDV of the block b) still other machinery exists in the block but sale proceeds exceeds WDV of entire block - the excess of sale proceeds over WDV of the block will be treated as "Short term gain/loss" c) no other machinery in the block other than sold one - the gain/loss from the sale transaction will treated as only "Short term gain/loss" Net sale proceeds = Gross sale proceeds - exps. incurred in connection therewith