Capital gain tax on depreciable asset

Dear All, 

Is the capital gain tax aplicable in this case :

as per company act

Closing WDV of Car Block as on 31.03.2015 =  Rs 13,20,508/-  

there are 2 car in this block  :

1st Car Op. WDV as on  01.04.2015 = Rs 11,09,895/-

2nd Car op wdv as on 01.04.2015 = Rs 2,10,614/-

1st car sold on 12 Dec 2015 for  Rs 990,000/-

So capital gain is = 1109895 - 203114 (dep for 258day)- 9,90,000/- (sale value) = Rs 83220/-

So please let me know this capital gain is taxable or not as per IT act?

Thanks