Profit on sale of fixed assets
This query is : Resolved
03 September 2011
In F.Y.2010-11 our company has sold fixed assets and their is profit on those assets.
While preparing tax audit is it i have to consider income received on Sale of fixed assets seperately or Can i Merge it with Loss on sale of fixed assets.
Please advice
While preparing tax audit is it i have to consider income received on Sale of fixed assets seperately or Can i Merge it with Loss on sale of fixed assets.
Please advice
03 September 2011
Loss on sale of fixed assets need to be shown separately
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