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For filing income tax return in case of company

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 September 2016 Where we Show sale of Fixed Assets by company In Income tax return?
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Sandeep Dharar

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Sandeep Dharar (Expert)
27 September 2016 Profit on Sale of fixed assets will b shown in P&L A/c as income from sale of assets and for loss vice versa. In the same way in IT return also we can show it in the P&L A/c under the head Other Incomes("-" ve. is there is loss) We must further disclose it, being not an income derived from regular business activities.
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naynsi jaiswal

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naynsi jaiswal (Querist)
28 September 2016 thank you sir..



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Sandeep Dharar

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Sandeep Dharar (Expert)
28 September 2016 U r welcome. Plz show ur appreciation by hitting the thanks button.

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