Removal of capital goods(old machinery)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 July 2012
Sir,
I reg excise dept. I purchase the machinery last FY 2008-09 inclusive of excise + sale tax, but machinery capitalized on 2009-10. that particular machinery will taken deprecation in every year. This machinery sale on current year.
purchase date may 2008 and sales date aug2012.
Please give me suggession.
I reg excise dept. I purchase the machinery last FY 2008-09 inclusive of excise + sale tax, but machinery capitalized on 2009-10. that particular machinery will taken deprecation in every year. This machinery sale on current year.
purchase date may 2008 and sales date aug2012.
Please give me suggession.
CA Sahil Singla..
(Expert)
27 July 2012
Please provide the exact date of purchase & sale
05 August 2012
You are not clear about the question. Is the machinery purchased was for re-sale? what is the nature of manufacturing for registration under excise as you have stated that machinery was sold in current year
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