Easy Office
LCI Learning

PROFIT ON SALE OF FIXED ASSETS

This query is : Resolved 

09 December 2019 That Assessee Having 6 Truck during the previous year, is engaged in Transporting Goods and Income Declared u/s 44AE of the Income Tax Act. during the year the assessee has sold on truck and earn Rs 150000/ as Profit on sale of Truck
whether this amount is Taxable or not, if taxable under which section and why
please clarify
it's urgent

09 December 2019 Not taxable as Income Declared u/s 44AE of the Income Tax Act.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries