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Sale value of assets

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(Querist)
20 September 2017 In the accounts of the company Can we deduct total sale value of assets (including profit) from the total block value as provided in IT Act. In accountz we don't want to show profit.
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RAJA P M

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RAJA P M (Expert)
20 September 2017 No... If you sell your assets in the company. You must show the transactions is whatever...
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sivaram

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sivaram (Expert)
20 September 2017 In accounts it is not possible as it is done for block of assets in Income tax




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