18 November 2012
The sale of asset value dived in to two : 1.For ex : Opening balance is Rs.100000 the addition is Rs.50000/ then the deduction is Rs.25000/. then the gross block of assets is Rs.125000/(100000+50000-25000)before depriciation.
2.If the block of sale value is greater than the cost of the block assets then it is short term capital gain.
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