Profit recognization- urgent query

CA Vanamala Phani Kumar (Proprietor of M/s Vanamala and Co)   (972 Points)

12 March 2013  

 

Fixed Asset Orginal Cost  = Rs.2,00,000 (Pur Date 01/03/2010, Dep 40% )

Depr for 10-11 is 200000*(31/365)*40% = 6795

Net Block on 31.03.2010 is Rs.1,93,205

Asset is sold for Value Rs.5,00,000 on 01/06/2010 

What is profit as per Companies Act ????

can i consider dep for 01/04/2010 - 31/05/2010 period or not ???