Sec 32 depreciation

This query is : Resolved

JORDAN (Querist)
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08 January 2014 Dear All,

What does mean by Block Ceases to exist?
In What Situations Block turns Negative?

Pls Explain with an Example

Regards,
Jordan

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Guest (Expert)

08 January 2014 Block cant ever turn negative..
Let Suppose block of Rs 100,000 have 5 Assets.Out of which one asset is sold for Rs 1,50,000.In this cirumstance the block cease to exist. Or suppose all the assets are sold of this block then to it ceases to exist.

JORDAN

JORDAN (Querist)
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11 January 2014 Thanks Rachit for sharing the info.

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