Profit on sale of asset
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 July 2012
Hi all,
when profit is made on sale of asset under what head we should tax it ?
when profit is made on sale of asset under what head we should tax it ?
CA. Sunil Kumar
(Expert)
29 July 2012
Profit on Sales of Assets is cover under head "Capitan Gain".
It may be long term or short term
It may be long term or short term
Message likes :
1 times
SANYAM ARORA
(Expert)
29 July 2012
Under Capital Gain Head
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ETDS return q4 25-26
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
