20 September 2014
28/06/2013
Wdv Rs180000
sale of all machines in the blk Rs200000
purchase of machine 22/12/13 Rs200000
what will be closing value of blk before depreciation, and whether capital gain will arrise or not.??
ignore depreciation.
26 September 2014
Thanks for the reply, Ma'am, but m still confused, because books suggests that the block should be seen at the end of the year, but this is the case where block ceases during the year and then a new machine is purchased in the same block later on. Can anyone provide me any link where I can get any solved example of questions of such type, to have a proof of the same thing.
CAclubindia
