https://www.taxtmi.com/manuals?id=985 Special provisions govern computation of capital gains on depreciable assets forming part of a block of assets. Where depreciation has been allowed, the written down value is substituted for cost of acquisition, and any excess of sale consideration over the opening WDV, transfer expenses, and cost of additions during the year is treated as short-term capital gain. If the block ceases to exist because all assets are transferred, the resulting gain is also treated as short-term capital gain. Goodwill is separately treated as not being a depreciable asset from assessment year 2021-22. en-us Thu, 27 Aug 2015 10:20:00 +0530 Mon, 08 Jun 2026 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=985 Special provisions govern computation of capital gains on depreciable assets forming part of a block of assets. Where depreciation has been allowed, the written down value is substituted for cost of acquisition, and any excess of sale consideration over the opening WDV, transfer expenses, and cost of additions during the year is treated as short-term capital gain. If the block ceases to exist because all assets are transferred, the resulting gain is also treated as short-term capital gain. Goodwill is separately treated as not being a depreciable asset from assessment year 2021-22. Manuals Income Tax Thu, 27 Aug 2015 10:20:00 +0530 https://www.taxtmi.com/manuals?id=985