Depre on Ceased Block

It will be deemed as sales consideration Rs.100000/- and there will be short term capital loss of Rs.100000/- no depreciation can be claimed as the block does not exist.

Ya Mothit is correct !

Hi Mohit,

"It will be deemed as sales consideration Rs.100000/- and there will be short term capital loss of Rs.100000/- no depreciation can be claimed as the block does not exist"

in reply to your answers :

How it can be treated as transfer. And how the sales consideration is equal to STCG and how WDV can be reduced. Because u/s 43(6) the compensation received on account of theft is not covered and hence we can claim depreciation na. u/s. 45(1A) also not cover the insurance claim on account of theft then how is STCG???