Capital gain

This query is : Resolved

mohan reddy A (Querist)
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07 August 2014 gain on depreciable asset ,is A long OR short term capital gain ?

&
IN company
capital gain is calculate block wise OR asset wise

CA SUNIL K GARG

CA SUNIL K GARG (Expert)
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07 August 2014 as per sec 50 of Income tax act. capital gain on depreciabel asset is short term capial gain

in company ,capital gain is caluculated on block of assets sec 50 (2)

mohan reddy A

mohan reddy A (Querist)
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08 August 2014 block of assets (2013-14)opening WDV
A 15000
B 15000
C 16000

i sold Asset A for 50000 in 2013-14

that block valu is 0
but still some asset are continued

& in 2014-15
i sold Asset B for 25000
please tel in two situation how can i calculate capital gain ?

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