Depreciation clarification

According to Income Tax

When an asset is sold after 180 days. We are just reducing form the respective block but we are not claiming the depreciation for the period for which it was actually put it into use.For eg I have a car which is used in business which has opening W.D.V of Rs 1,00,000 after 6 months it has W.D.V of  Rs 92,500. I sold the car for exactly Rs 92,500 after 6 months. Now my capital gain is zero.i.e I am comparig the W.D.V after 6 months and the sold value. For this alone we are taking into consideration of that 6 months W.D.V. But we are not claimig this 6 months depreciation while computing Income Tax. Can we depreciation for the asset sold?. Please explain the logic or if i am wrong correct me. Urgent

Replies (2)
Right method is
 
WDV Opening balance (Only 1 Car in this block)    :    100000
Add : Actual cost of assets acquired                        :     nil
Less : Money received in respect of assets sold        :    92500
                                                                               --------------
Short term capital Loss                                            :     7500
 
You can claim short term capital loss because block cease to exist. You cant claim deprecation.

 

(2 or more Cars in this block)

 

WDV Opening balance (2 cars)                            : 100000

Add : Actual cost of assets acquired                     : nil

Less : Money received in respect of assets sold  

          only 1 car sold                                         : 92500

                                                                        --------------

 W D V for assesment year                                  : 7500

Claim deprecation @ 15%                                    : 1125

                                                                         ---------------

WDV closing balance   ( 1 car )                            : 6375

 

You can't claim short term capital loss because block not cease to exist.

 

 

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