Whether prifut on sale of fixed asset is to be transferred to capital reserve

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Salman PS (Querist)
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03 July 2016 when the profit on sale of fixed asset is to be transferred to capital reserve

CA Amrita Chattopadhyay (Expert)
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04 July 2016 Profit on sale of asset is generally transferred to General reserve.

Salman PS (Querist)
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04 July 2016 when its required to transferred to capital reserve

CA Amrita Chattopadhyay (Expert)
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04 July 2016 When the asset is a business segment or procurement of some business, the profit arising thereon is transferred to capital reserve

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