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Where shown sales of depreciable assets in ITR 6

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student
39 Points Posted on 11 September 2023
hi sir,madam

Sales of depreciable assets where whole assets cease to exist. were shown in the capital gain schedule in ITR 6
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On 11 September 2023 at 18:02 Report
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Student
1628 Points Posted on 12 September 2023
Reference of Section 50 of Income Tax Act, 1961

If the whole of the block of asset is sold then there is short-term capital gain or loss on sale of block of assets. And no depreciation shall be allowed from such block of assets.
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On 12 September 2023 at 08:00
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student
39 Points Posted on 12 September 2023
Thank you sir, but in ITR return under capital gain which head shown thise capital gain, it should be shown under deemed capital gain or other ?
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On 12 September 2023 at 10:53


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