Brought assets loss/ profit in next year

Rishi (Others) (353 Points)

13 September 2017  

SIR,

SUPPOSE,  I HAVE AN ASSET A CAR AS LAST YEAR BALANCE IN DEPRECIATION CHART FOR A.Y. 2017-18, BUT THIS ITEM HAS BEEN SOLD OUT BY LOSS OF 20000/- IN CURRENT F.Y. ON 25TH APL 2016. AFTER THIS I BOUGHT AN ANOTHER CAR OF COST RS. 140000/- .ON FEB-2017.  MY QUESTION IS, SHOULT I INCLUDE AS ITS BALANCE VALUE (ABOVE MENTIONED LOSS I.E. 20000/-) IN THIS YEAR I.E. A.Y. 2017-18. HOW CAN I BROUGHT THIS LOSS IN MY DEPRECIATION CHART FOR A.Y. 2017-18

THANKS