Loss on sale of fixed assets
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 July 2015
I have a company and sale a vechile a loss of Rs5000 calculated as per companies act. Now how I show it in my ITR 6
08 July 2015
it will be cal under capital gain head if co onwed it
Message likes :
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Querist : Anonymous
Querist :
Anonymous
(Querist)
08 July 2015
I have a company and purchased cars in the name of company. One of the car I sold and according to Companies Act I have made a loss of RS 5000. Now my problem is how this loss to be shown in ITR 6
08 July 2015
u need to compute the profit or loss as per income tax act for income tax purpose.
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