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Gross value of block of fixed assets computation

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(Querist)
25 February 2015 If on 31.03.14 Gross value of a Block is Rs.500000 out of which assets having gross block value of Rs.200000 were got fully depreciated in 2013-14 then on 01.04.14 gross book value of the block would be Rs. 500000 or Rs.300000
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
25 February 2015 Only on disposal of assets the gross value gets reduced. Gross book value on 01-04-14 would be Rs 500000.

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