https://www.taxtmi.com/forum/issue?id=116155 When a fixed asset within a depreciation block is sold but the block does not cease to exist and sale consideration does not exceed the block's written down value, the sale proceeds reduce the block's opening WDV and depreciation is computed on the net balance. The profit on sale is adjusted in computing business income and is not treated as a short-term capital gain or loss where the block remains and consideration is not more than the WDV. en-us Wed, 18 Mar 2020 18:30:06 +0530 Thu, 23 Jan 2025 15:54:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116155 When a fixed asset within a depreciation block is sold but the block does not cease to exist and sale consideration does not exceed the block's written down value, the sale proceeds reduce the block's opening WDV and depreciation is computed on the net balance. The profit on sale is adjusted in computing business income and is not treated as a short-term capital gain or loss where the block remains and consideration is not more than the WDV. Discussion-Forum Income Tax Wed, 18 Mar 2020 18:30:06 +0530 https://www.taxtmi.com/forum/issue?id=116155