Reg:- sales of fixed assets
This query is : Resolved
14 July 2014
Dear Sir,
Our company is a partnership firm and doing FMCG bussiness at Tamilnadu. We have lot of Fixed assets in our Accounts. Now we need to sell some computers, Furnitures as a second sale.
My query is what is the procedure to be follow for above process.
Thanks,
Muthaiah.J
muthu_jm2003@yahoo.co.in
Our company is a partnership firm and doing FMCG bussiness at Tamilnadu. We have lot of Fixed assets in our Accounts. Now we need to sell some computers, Furnitures as a second sale.
My query is what is the procedure to be follow for above process.
Thanks,
Muthaiah.J
muthu_jm2003@yahoo.co.in
14 July 2014
bring for tenders and sale it.
Message likes :
1 times
14 July 2014
Dear Sir,
A Nursery & primary school is near by our town is ready to buy some computers, printers, furnitures. Can i sell them and i want to know any tax or vat payable by our firm for secondhand sale of these fixed assets.
Please clarify me.
Thanks,
Muthaiah.J
(muthu_jm2003@yahoo.co.in)
A Nursery & primary school is near by our town is ready to buy some computers, printers, furnitures. Can i sell them and i want to know any tax or vat payable by our firm for secondhand sale of these fixed assets.
Please clarify me.
Thanks,
Muthaiah.J
(muthu_jm2003@yahoo.co.in)
14 July 2014
then u need to check for vat applicability in ur state and nothing other than vat is payable .
Message likes :
1 times
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- Ito add credit side of bank
- GSTR9 Annual Return
- Applicability of tax on invoice
- Form 144 TDS Return Validation error
- GST ITC as per notification 12/2023- central tax
- Rent agreement of House of deceased person
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Capital gain on commercial property and investment in residential property
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
