Capital gain calculation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 February 2013 Respected sir/mam,
i have a small query on calculation of capital gains.
if entire block of asset is sold by a co. for a price which is more than its WDV as on the 1st day of a previous year, will co. get depreciation for the year.
and also if a co. is eligible for additional depreciation can it claim additional depreciation ?

please tell me how to do computation & present Short term capital gain.

Guest

Guest (Expert)

18 February 2013 Depreciation will not be allowed in the year of sale. Same is the position of additional depreciation.