captial gain on sale of truck
This query is : Resolved
12 April 2010
dear all,
a compnay sold a truck on profit after taking the consideration of depriciation pls tell the tax treatment of the profit in this case.
thanks
a compnay sold a truck on profit after taking the consideration of depriciation pls tell the tax treatment of the profit in this case.
thanks
12 April 2010
As you know when company purchase asset it is included in the block of asset. It doesn't matter what is the period of holding as it is chargeble as short term capital gain.
You didn't mention about block.
You didn't mention about block.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability of TDS on CFS, CHA fees, and shipping line charges
- Notice from IT DEPTT IF FD AMOUNT EXCEEDS 10 LACS
- Unable to generate and save json file for updated return
- GST payable under RCM
- Applicablity on tds
- LTCG offset against property buy
- Tax audit & Switching from Presumptive taxation
- PRODUCT AND SERVICE CATEGORY CODE
- WRONGLY UPLOADED 10IF FOR COOPERATIVE SOCIETY
- GSTR9- ITC
- GST QUERY TO RAISED PROFESSIONAL FEE BILL BY CA
- Place of supply under Gst for tax audit services
- Which SAC code should be selected??
- Import purchase entry
- Rule 54(1A) for Distributing ITC
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
Trending Online Classes
-
LIVE Course on GSTR-9 & GSTR-9C (Technical | Practical | Concept - Based)
Sachin Jain03 November 2025
CAclubindia
