Can I book profit or loss for sale of asset without Exhasting the Block of asset as per SEC 32 of Income Tax Act ???????????????????????.
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Doubt on loss or profit for sale asset ??????
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No you cant do that. The block should get exhausted after the sale of asset or number of assets. then only profit/loss can be calculated. If the block is still in existence after the sale of assets or number of assets then no profit/loss will arise.
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