Section 50A for power generation depreciable asset using SLM:
ASection 50C
BSection 50 (block) applies (per relevant Section) (per relevant Section)
CSection 45 normal
DSpecial provision; gain = consideration MINUS (WDV + expenses)
Answer & Solution
Correct answer: D. Special provision; gain = consideration MINUS (WDV + expenses)
1. Section 50A applies where depreciation claimed on SLM for individual assets in power generation.
2. Gain = sale consideration MINUS (WDV + expenses).
3. No indexation; ST/LT based on holding period.
_Source: ICAI BoS CA Final Paper 7, Ch 4 "Capital Gains"_
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