CAPITAL GAIN TAX FOR PARTNERSHIP FIRM
This query is : Resolved
29 June 2025
A partnership firm sells their plant and machinery along with deposits available in their name. Please let me know capital gain tax applicable for the firm for the Financial year 2024-25 Please clarify
29 June 2025
Short term capital gain will arise over the sell price less the written down value of the plant & machinery as on 31.03.2024.
29 June 2025
If capital gain tax payable, interest applicable for the payment made by July 15th 2025
29 June 2025
Yes, over the 15% advance tax payable.
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