Loss on sale of depreciable asset

This query is : Resolved

Share Report Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

25 December 2013 loss on sale of depreciable asset is disallowable on which sec. 36/37/40/40A/43B?

Guest

Guest (Expert)

25 December 2013 IT IS A SHORT TERM CAPITAL LOSS WHICH SHOULD BE SET OFF AGAINST YOUR CAPITAL GAIN.

Guest

Guest (Expert)

25 December 2013 EVEN ITS PROFIT IS NOT CHARGEABLE UNDER PROFIT AND GAIN INCOME BUT TAXABLE TO CAPITAL GAIN FOLLOWING THIS BASIS IT IS A CAPITAL LOSS WHICH IS TO BE SET AGAINST CAPITAL PROFIT.

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

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

CA K GIRIDHAR

shubham agrawal

T E SOUNDARARAJAN

Krishnan V

Sivanath VV

Subscribe Now

Loss on sale of depreciable asset

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

CA Final

Senior Executive

GST CONSULTANT

Manager- Finance and Compliance

Accountant