Stcg arise on sale of fixed assets
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 June 2012
Dear Expert,
A partnership firm sold its fixed assets and short term capital gain arises on it, then what rate would be applicable for taxation purpose under IT Act 1961. (It would be 30% or 10%).
In my view, it would be 30%
Please clear my confusion
Thanks
A partnership firm sold its fixed assets and short term capital gain arises on it, then what rate would be applicable for taxation purpose under IT Act 1961. (It would be 30% or 10%).
In my view, it would be 30%
Please clear my confusion
Thanks
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 June 2012
Dear Experts
How to Prepare CMA Data ? What is the necessity of CMA? What are those ratios we need observe in CMA ? How to Mange Ratios in CMA ? How to Project CMA for upcoming years ? Please give me the complete information (Hidden)in CMA
Thanks & Regards
How to Prepare CMA Data ? What is the necessity of CMA? What are those ratios we need observe in CMA ? How to Mange Ratios in CMA ? How to Project CMA for upcoming years ? Please give me the complete information (Hidden)in CMA
Thanks & Regards
14 June 2012
STCg is taxable at the normal rates applicable to the assessee.
In this case, it shall be taxable @ 30%.
In this case, it shall be taxable @ 30%.
Message likes :
1 times
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
- EPF ECR NEW FILE SEP 17TH 2026
- Non filing of I T Returns
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- TDS on Fixed Assets purchased
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- Oct 2025 Invoices
- GST on Renting godown to KFCSC for Storage of Raagi
- TAX AUDIT ON PROFESSIONAL INCOME
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Import of Software Service.
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
