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Capital gain issue on no cost of capital asset

(Querist) 26 February 2014 This query is : Resolved 
what is the taxability under capital gain in below eg - 1.when cost of fixed assets which follow under capital assets 2.this assets has a cost when it is purchased . due to adoption of amortisation method , now cost comes nil. 3. when this is put to sale , how to treat the consideration received on account of sale ? is it taxable ? if yes under which head? who will pay tax?

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Suhail A.Siddiqui (Expert) 26 February 2014
APPLY COST INFLATION INDEX ON THE ACQUISITION VALUE OF SUCH PROPERTY THEN CALCULATED STCG OR LTCG.
Vineet (Expert) 03 March 2014
can you pls give full details. amortised means business asset charged to P&L account. Why not depreciation?

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