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disallowance

This query is : Resolved 
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(Querist)
27 August 2009
whether loss on sale of fixed assets is an allowable expense

if not provide the section of disallowance
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chetan soni

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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.
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
27 August 2009 AGREE
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vijay singhal

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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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