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Loss on sale of fixed assets in companies

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 March 2012 IF A MOTOR CAR OPENING BALNCE IN BOOKS OF A PRIVATE LTD RS500000/- AND SOLD IT AFTER 11 MONTHS FOR RS 3.5 LACS-PL TELL DEPRECATION FOR 11 TO BE PROVIDED OR NOT FOR CALCULATION OF LOSS
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Krishna Mohan

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Krishna Mohan (Expert)
06 March 2012 I think,Depreciation till the date of sale has to be calculated. Other experts may respond on this.
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Querist : Anonymous

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Querist : Anonymous (Querist)
06 March 2012 THANKS,YOUR REPLY IS CORRECT

MAHESH PODDAR
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