Depreciation

Cost of new assets purchased will be added to 15% block but no dep . will be charged for FY 2013-14 because it would put to use in FY 2014-15.

yes excess Rs. 1 lac will be deducted from block and closing value of block would  be 1 lac

Rupesh

i withdraw my all previous answers for this query. new  answers is as follows:

1. first of all you should claim dep on remaining value of Rs. 1 Lac irrespective of fact that new assets put to use in next financial year.

(CIT V. OSWAL AGRO MILLS LTD (2012)

next if you sold old assets in 15 Lac than stcg will be 3 lac. and closing wdv will be nil and no dep.