HI , The below is computation for Short term capital gain to a depreciable asset other than power generation business, what would be computation for a depreciable asset by undertaking engaged in POWER GENERATION AND DISTRIBUTION
STCG Calculation for Depreciable Assets
The STCG in relation to a depreciable asset (other than a undertaking engaged in the business of generation or generation and distribution of power) is determined as under
1) Block of Asset ceases to exist
| Sale Consideration | XXX | |
| Deduct: - | ||
| Expenditure Incurred | XXX | |
| Opening WDV | XXX | |
| Actual Cost of New Asset |
XXX ---- |
|
|
XXX ---- |
||
| STCG/Loss |
XXX ---- |
2) Block of Asset exists
| Sale Consideration | XXX | |
| Deduct: - | ||
| Expenditure Incurred | XXX | |
| Opening WDV | XXX | |
| Actual Cost of New Asset |
XXX ---- |
|
|
XXX ---- |
||
| STCG |
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