Loss on sale of Fixed Asset

Hi Vinay...!!!
 

unless and untill the block is empty either in the form of quantity or in form of value you need to go for any capital gain provisions..

As per Sec - 50C(i)/(ii)) you need to exhaust your block either in the value or in physical form and in your case nothing is taken place, so u need not attract any provisions of capital gains....

Thank u very much..., Can i claim depreciation for the Balance Amount

Definately, U can claim depreciation on the balance amount.

Thanks and regards,

Manoj

yes depreciation can be claimed on the balance amount

Since the block is not exhausted in any form and manner u can claim depreciation on the closing balance of the block...

(Isilye deprecition block method me calculate karte he Income Tax me)