income tax
This query is : Resolved
28 September 2008
what will be the cost of acquisition of asset while calculating LTCG u/s 50A
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)
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)
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
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
29 September 2008
Yes ,u are correct ,being free from 30 th Sep deadline ,I will explain u in detail
13 October 2008
sir now if u r free
plz explain the above ques with practical example.
plz explain the above ques with practical example.
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