income tax

This query is : Resolved

Share Report Follow Query Ask a Query

CA Gaurav Gupta

CA Gaurav Gupta (Querist)
Follow

28 September 2008 what will be the cost of acquisition of asset while calculating LTCG u/s 50A

CMA Jitendra Singh

CMA Jitendra Singh (Expert)
Follow

28 September 2008 Cost of Aquisition = WDV-Terminal Depreciation+balancing charges

Terminal Depreciation =WDV of assete in First day of year in which discarded-Sale consideration +scrap value

(Only positive figure )

Balancing Charge = if termianl balance is negative figure (so formula is same)

CA Gaurav Gupta

CA Gaurav Gupta (Querist)
Follow

28 September 2008 sir
if there will be terminal dep there will be no balancing charge or vice verca.
please explain with the help of a practical example.
thankyou

CMA Jitendra Singh

CMA Jitendra Singh (Expert)
Follow

29 September 2008 Yes ,u are correct ,being free from 30 th Sep deadline ,I will explain u in detail

CA Gaurav Gupta

CA Gaurav Gupta (Querist)
Follow

13 October 2008 sir now if u r free
plz explain the above ques with practical example.

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

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

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

svgovindaraju

CA Varun Gupta

Jaipal Singh

Suman Lata Saraswat

Chnmaya parhi

Subscribe Now

income tax

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA