Capital Loss
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 June 2010
If we sell a depriciable asset bearing a loss on its written down value, then the loss on the sale of the asset will be treated as Capital Loss or not???????
Please suggest.
Please suggest.
Aditya Maheshwari
(Expert)
09 June 2010
yes it will be treated as short term capital loss u/s 50.
Deepak Goel
(Expert)
09 June 2010
Yes, it will be treated as capital loss
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