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