Sir this is a question of replacement decision !! My query is that if in ques it is mentioned that we have to use SLM as in for depreciation , then why do we calculate Capital gain / loss on old machine at both beginning and at ending ??
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If book value as per books and as per tax is different then we calculate capital gain or loss.
And if machine sold at a price greater than price as per tax then capital gain is also calculated.
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Thanks mate !! It really helped tysm