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sale of asset

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(Querist)
12 September 2017 what is the treatment of loss on sale of office equipment. The block of asset still exists.whether liable for capital gain/loss
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sivaram

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sivaram (Expert)
12 September 2017 Loss on sale of asset being a capital loss debited to p&l will be added back to netprofit in cmputation of income as per section 37 of pbgp you can claim depreciation computed under income tax as per block of assets as computed as per section 32
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