Concept of block of asset

gauravsaini (AUDIT ASSISTANT) (28 Points)

25 March 2013  

ASSESSE HAS FOUR TEMPO AND THEIR OPENING BALANCES 

 OPENING BAL: 1. 303100   SALE 165000  loss   138100

                              2. 225017  sale 132000     loss   93014

                              3. 478887   sale  385000    loss  93887

                              4. 401017

TOTAL                      1408021

SALE                         682000

 BALANCE OF BLOCK              726021  

BUT ONLY ONE TEMPO IS IN BLOCK WHICH HAS WDV IS  RS 401017

NOW WHAT WILL BE THE TREATMENT OF THIS