Direct tax

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

23 December 2013 dear sir,
book value of laptop is rs 40000. now the laptop has been sold for the same price. wat will be the tax treatment in books & as per It act.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

23 December 2013 in accounts u need to find out wdv by deducting dep from cost and then compare it with wdv and find profit.

for tax no capital gain.

Querist : Anonymous

Querist : Anonymous (Querist)

23 December 2013 as per accounts only the value is 40000

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

23 December 2013 what is the cots and wdv after dep?

Ganeshbabu K

Ganeshbabu K (Expert)
Follow

23 December 2013 Dr.Accumulated depreciation on Asset A/c
Dr.Loss on sale of AssetA/c
Cr.Fixed Asset A/c
Cr.Profit on sale of Asset A/c

Querist : Anonymous

Querist : Anonymous (Querist)

27 January 2014 Dear Sir/ Madam,

I had A query regarding disallowance of expenditure u/s 14A of the I.T. Act.

I want to know that i am not claiming diving as my exempt income. it has been added with my business income. so i m not getting any benefit. so 14A should not apply as i m not deriving any benefit.

Please give your views & if possible den support your ans with case laws also

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

deepak

Sasidhar B

Aniruddha Mody

Vinod Patil

THOMAS JOHN

Subscribe Now

Direct tax

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

Accountant

CA Final

Article Assistant

GST CONSULTANT