Income tax - about loss

as per accounting it is right .

yes it is correct if the asset exists in the books             

as per IT act Is This OOKKKK???? plz repli

yes it can be done .

rectify me if i am wrong 

it is sale of truck, but block of truck is exists on 31.03.2011, so what is your thinking about it??

if block is still exists than no loss can be claimed and the value of block will be decreased will sale amount

so if vehicle wdv as on 31.03.2010 is 500000 out of which 1 vehicle sold for 100000 value of that 150000, if there is any entry for loss of 50000, or block will remain rs.400000 before depreciation.

block will remain as 400000 at 31-3-11  

no entry of loss 

ok thax for shring