Computation of stcg on depreciable asset by power generation

work is worship (Service) (2728 Points)

17 June 2012  

 

HI , The below is computation for Short term capital gain to a depreciable asset other than power generation business, what would be computation for a depreciable asset by undertaking engaged in POWER GENERATION AND DISTRIBUTION

STCG Calculation for Depreciable Assets

The STCG in relation to a depreciable asset (other than a undertaking engaged in the business of generation or generation and distribution of power) is determined as under

1) Block of Asset ceases to exist

Sale Consideration   XXX
Deduct: -    
Expenditure Incurred XXX  
Opening WDV XXX  
Actual Cost of New Asset XXX
----		  
    XXX
----
STCG/Loss   XXX
----

2) Block of Asset exists

Sale Consideration   XXX
Deduct: -    
Expenditure Incurred XXX  
Opening WDV XXX  
Actual Cost of New Asset XXX
----		  
    XXX
----
STCG