banner_ad

Block of asset

This query is : Open 
Profile Image

Profile Image

(Querist)
20 September 2014 28/06/2013 Wdv Rs180000 sale of all machines in the blk Rs200000 purchase of machine 22/12/13 Rs200000 what will be closing value of blk before depreciation, and whether capital gain will arrise or not.?? ignore depreciation.
Profile Image

CA vandana goyal

Profile Image

CA vandana goyal (Expert)
20 September 2014 opnening wdv 180000
-sale 200000
+purchase 200000
__________ ______
closing balance 20000

no capital gain arises
Profile Image

Anmol Varma

Profile Image

Anmol Varma (Querist)
26 September 2014 Thanks for the reply, Ma'am, but m still confused, because books suggests that the block should be seen at the end of the year, but this is the case where block ceases during the year and then a new machine is purchased in the same block later on. Can anyone provide me any link where I can get any solved example of questions of such type, to have a proof of the same thing.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
29 April 2026
Associate - Audit, Tax & Compliance

Open Co Consulting LLP

New Delhi

B.Com

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
29 April 2026
Internal Auditor

SNCO

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details