banner_ad

Income Tax Computation

This query is : Resolved 
Profile Image

Profile Image

(Querist)
20 February 2020 If a proprietor sells its fixed assets at a profit, Example profit before Capital Gain Rs. 5,50,000 after depreciation.Net Profit after Capital Gain is Rs. 5,55,0000. Capital gain computed as follows; WDV Rs.10,000 Less Assets sold Rs.15,000, Capital Gain Rs.5,000.at the same time Block of assets method no capital gain, Block exist, WDV of the block Rs.20,000 Less 15,000, this block include two more items. Tax Computed as follows Net Profit 5,55,000 Less Capital Gain 5,000 Taxable Income 5,50,000. Profit & Loss A/c and Balance sheet Finalises. My query is how the profit from sale of fixed assets add back in Winman Income tax filing Software Please give answer
Profile Image

Aashok Kumar Sharma online

Profile Image

Aashok Kumar Sharma online (Expert)
04 June 2020 https://www.winmansoftware.com/support/contact-us/
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details