Depreciable asset

This query is : Resolved

KETUL VORA (Querist)
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13 August 2012 I am having proprietorship firm and having a block of 2 asset
1.Mobile - wdv Rs.6500
2.Car - wdv Rs.461000

I had sold Car at Rs.74000 only.Mobile is with me only so block is there.

what will be capital gain/loss ?

srinath

srinath (Expert)
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14 August 2012 if it is seperate block of asset, then u will be STCL on the diff between the sale value and the WDV

KETUL VORA

KETUL VORA (Querist)
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16 August 2012 Thanks Srinath

But it is a single block of asset consisting 2 Assets as i have mentioned earlier. If seperate block than its fine but here its different.

So let me know as per single block only

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srinath

srinath (Expert)
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17 August 2012 if single block you can claim depreciation on the balance ie opening WDV (-) sale value