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Capital gain

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(Querist)
18 April 2012 e.g 1. WDV of block of asset is RS2,00,000/- OF WHICH 100000 SOLD FOR 200000 ,Whether capital gain will be apply or not ?
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
18 April 2012 No capital gain if the block is not empty.
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
18 April 2012 There will be no capital gain, The WDV at the end of the year will be "Nil".
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vinay nair

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vinay nair (Querist)
18 April 2012 thank u ......
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CA Kishore Tallam

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CA Kishore Tallam (Expert)
18 April 2012 Agree with expert. But from now onwards, if u receive even a single Re. 1 from sale of assets in that block, it will be treated as STCG (assuming no other asset is added into block).

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