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section 50

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Heerak Jain

18 Points Joined December 2018

if part of block of asset is sold then STCG is
sale considration-(expenses on transfer+wdv of block at beginning+COA of addition in block)
if whole block is sold then STCG is
sale considration-(expenses on transfer+wdv of block at beginning+COA of addition in block)

Replies (1)

Giridhar S Karandikar

Team Lead

7558 Points Joined November 2011

if block remains in existence even when part of block is sold no STCG wud arise since block is still in continuance
if whole block is sold then stcg wud arise