op. wdv on 1.4.2023 Rs. 1 crore
add purchase in Feb 2024 50 lakhs

Less sale value in Dec 2023 Rs. 2.5 crore (here on 31.12.2024, block becomes negative)
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WDV on 31.3.2024 minus Rs. 1.0 crore
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my question is --> even if block becomes negative on 31.12.2024, (i.e. opening 1 crore minus sale 2.5 crore), its ok? i mean, short term cap gain will be only rs. 1 crore for fy2324, right?

my view --> yes, stcg will be only 1 crore for entire fy2324, because, sequence in section 50 is op + acquired DURING PREVIOUS YEAR minus sale value.
regards,
ca kunjan

Hi All,

I am looking for detailed information books on the below topics. Could anyone please help suggest which is a good one to go for?
1. HUF
2. Capital Gain Taxation
3. Taxation for NRI

Regards

Sir,

IGST Interest paid in Electronic cash ledger can be utilized for Interest on SGST and CGST?

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Hi,

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Regards

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Respected Sir/Madam
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Dear Sir/ Madam

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