Dissolution of Partnership firm
This query is : Resolved
06 February 2009
A Partnership firm is in the process of dissolution. Firm is of Medical practitioners. Whether the firm can write off the medical equipment (fixed assets) from the books? If yes, under which section of Income tax act?
06 February 2009
If the medical equipments are of no value at all. you can write it off. If it has any realisable value then if any parter is interested he can take them at the value arrived at and can adjust against his capital. General Deductions Section 37.
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
- Money lost in stock market related scam
- Reminder of Dues under the WBGST Act 17
- ITR3
- ITR2 Not Validating Short Term Capital Loss as value less than zero
- ERRROR IN ITR2 FILING
- Rebate u/sec. 87A manually
- 80ccd(2) deduction
- Hash value error indicated whilst validating itr 2 online
- GSTR ITC relationship
- NRI TAX RATE.as applicable on NRO Saving Bank a/c & FD interest
- TDS U/S 194S
- FNO loss set off with STCG
- Regarding Hackathon Prize W-8BEN Form Tax Treaty Benefit & 115BB/115BBJ
- Excess Interest paid on TDS challan- Can it adjusted against tax payable
- RECEIPT NUMBER OF EARLIER STATEMENT FILED FOR FORM 26Q- PREVIOUS TDS RETURN FILED FOR F.Y.2017-18_Q4
- Regarding ITC show in Electronic Credit Reversal and Re-claimed Statement.
- TDS on disallowance and reporting
- Requirement of MGT-14 for resolution passed at EGM for appointment of auditor
- ICWAI-Final
- Gratuity Fund Audit & ITR
Trending Online Classes
-
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
CA Nipun Arora03 September 2025 -
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Industry Expert15 September 2025
CAclubindia
