Loss on sale of car

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
13 December 2015 my company sale of a car on loss then what shall be tax treatment in income tax

14 December 2015 Credit the sale value to the block of assets.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
14 December 2015 if block does not exist and also single car is sold.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
14 December 2015 if block does not exist and also single car is sold.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
14 December 2015 if block does not exist and also single car is sold.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
14 December 2015 if block does not exist and also single car is sold.

14 December 2015 Book the loss to P&L ac and it will be allowed under income tax.


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



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details