disallowance
This query is : Resolved
CA PAWAN SETHI
(Querist)
27 August 2009
whether loss on sale of fixed assets is an allowable expense
if not provide the section of disallowance
whether loss on sale of fixed assets is an allowable expense
if not provide the section of disallowance
chetan soni
(Expert)
27 August 2009
generally this will be part of gross block of the asset, If the same block is not remain then you can claim this as loss on sale of fixed asset & it is allowed as expenditure.
Manmohan ACA, CS
(Expert)
27 August 2009
AGREE
vijay singhal
(Expert)
27 August 2009
i thnk it will not be allow as expenses as it amunts to capital loss
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