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Loss on sale of vehicale

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(Querist)
29 October 2012 loss from sale of vehicale can be set off carry forword and which head
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CA. Subhash Dangi

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CA. Subhash Dangi (Expert)
30 October 2012 Short term Loss on sale of vehicle can be set off on any capital gain.
However, Long term Capital loss can only be set off against Long term capital gain.
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
11 November 2012 Once the asset in the Block is Zero no effect to it is given the value is adjusted in the Block itself but for accounting purpose it is only profit or loss on sale of any assets
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