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Querist : Anonymous

Querist : Anonymous (Querist)

21 January 2012 P Ltd. furnishes the following details in respect of Block of Assets No.5, entitled
to 60% rate of depreciation :
WDV on 1.4.10, consisting of five machines ` 25,00,000; Assets acquired during
the year ` 10,50,000.
Compute WDV/capital gain/loss in the following cases for the previous year
2010-11 under each of the following situations :
(i) 3 machines have been sold during the year for ` 20,50,000
(ii) Entire block is sold during the year for ` 30,00,000
(iii) Entire block is sold during the year for ` 45,00,000. 8

CA. ANKUR JAIN

CA. ANKUR JAIN (Expert)
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21 January 2012 1.) WDV= 25L+10.50-20.50= 15L

2.) STCL=(5.50L)

3.) STCG= 9.50L

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