a piping contractor in tax audit ac asset is sold from the balance sheet ac the Profit of Loss calculated is after dep. or No Dep. Eg: Truck Rs.50000.00 Dt:1/4/2008 is sold in 30/9/2008 for Rs.60000.00 there is a profit of Rs.10,000.00 should dep charged for 6 month or for the year 12 months. Profit on asset sale under which A/c Group in Tally.
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