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Profit on sale of asset (Income Tax)

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This query is : Resolved

Author : Anonymous

( Author )
29 July 2012

 Hi all,

when profit is made on sale of asset under what head we should tax it ?


CA. Sunil Kumar

( Expert )
29 July 2012

 Profit on Sales of Assets is cover under head "Capitan Gain".

It may be long term or short term


SANYAM ARORA

( Expert )
29 July 2012

 Under Capital Gain Head



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