14 March 2013
for instance the wdv of plant as on 1.4.2012 is 100000 and it is sold on 1.12.2012 for 3lakhs,...while computing capital gains y do we directly reduce 100000 from 300000 and y dont we claim depreciation for 2012-13 for the period for which the asset was used..which condition is violated..pls explain the logic
CAclubindia
