Fixed assets

Deduct the sale proceeds from the existing WDV of Computer Equipments block. If there is no WDV at all, sale proceeds would be taxable under the head other sources.

Dear siva, how can I assign sale value to each asset? For eg if I have 200 items of laptop/desktops/accessories which is scraped as e waste, customer buys those based on weight of lot of laptops or desktop along with accesories, where as weight of each asset is not known to us to assign sale value for that particular asset. in the above case can we assign sale value for each asset by proportioning based on gross asset value and compute profit. ( case 1 above) Or as case 2 can i consider receipts from sale as other income directly without proportioning salevalue for each asset, and retire asset at gross value.

Dear siva, how can I assign sale value to each asset? For eg if I have 200 items of laptop/desktops/accessories which is scraped as e waste, customer buys those based on weight of lot of laptops or desktop along with accesories, where as weight of each asset is not known to us to assign sale value for that particular asset. in the above case can we assign sale value for each asset by proportioning based on gross asset value and compute profit. ( case 1 above)

Your answer looks like as case 2.