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Depreciation

This query is : Resolved 
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(Querist)
07 October 2014 In block of assets concept, if there are more than one asset, no capital gain or loss exist. But if sale consideration is more than WDV of block?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
08 October 2014 refer section 50(1). the excess amount shall be taxed as STCG.

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