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Accounting treatment

This query is : Resolved 
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(Querist)
06 December 2013 if Purchase price of asset =50000
its wdv= 30000
sold at 80000
revenue profit = 20000
Capital profit = 30000
i want to know the treatment for capital profit
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
06 December 2013 there is no concept of capital profit in case of sale of fixed asset. it is normal profit on sale of fixed asset, need to be show as income
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Annu Agarwal

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Annu Agarwal (Expert)
06 December 2013 Agreed with expert.
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