Depreciable asset capital gains treated as short-term when block consideration exceeds block value, triggering recognised gain. Where depreciable assets comprise a block of assets on which depreciation has been allowed, any excess of total sales consideration over expenditure on transfer, the block's written down value at the start of the previous year, and the actual cost of assets acquired in that year is deemed to be short-term capital gain. If all assets in a block are transferred in the previous year, short-term capital gain equals sales consideration less the beginning WDV of the block, less actual cost of any assets acquired during the previous year, less transfer expenditures. No indexation is applied.