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?
Nikhil Kaushik
(Expert)
10 March 2014
yes STCG applies. so reflect the same in CG-OS sheet
Nikhil Kaushik
(Expert)
10 March 2014
for computation refer Point 3 of the attached link https://www.bcasonline.org/knowledge/topic_des.asp?169
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
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
