capital gains
This query is : Resolved
30 November 2010
If the company done capital expenditure before the capital gain. can we setoff that expenditure from gain.both expenditure and gain are in the same year but expenditure done before earning of the gain.
30 November 2010
Capital expenditure incurred forms part of cost of improvement of the asset concerned, and hence can be deducted from the sales consideration to arrive the capital gains.
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