Profit on sale of fa
This query is : Resolved
20 March 2014
Profit on sale of fixed assets is running in lakhs, as per books of accounts prepared as per company law.
Profit as per income tax is few thousands.
the assessee is liable to pay MAT and hence huge tax is attracted..
ts there an expert way to bypass provisions of either C.Law or I.T so that tax is avoided??
thank you
Profit as per income tax is few thousands.
the assessee is liable to pay MAT and hence huge tax is attracted..
ts there an expert way to bypass provisions of either C.Law or I.T so that tax is avoided??
thank you
20 March 2014
there are various exemption available u/s 54 can utilise it for saving tax.
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