Profit on sale of asset (hydra machine)
This query is : Resolved
10 March 2014
I have sale hydra machine @ Rs. 450000/- and there is profit of Rs.323142/- as WDV of Asset is Rs.26858/-, How I show it in ITR - 4, Whether STCG applicable on it or not?
10 March 2014
yes STCG applies. so reflect the same in CG-OS sheet
10 March 2014
for computation refer Point 3 of the attached link http://www.bcasonline.org/knowledge/topic_des.asp?169
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