SALE OF FIXED ASSETS


This query is : Resolved 

26 March 2009 My Business is of car Rental

I have sold one Car amounting to Rs. 200000.00 along with depreciation as on 31-10-2008 for Rs. 325000.00

Rs. 125000.00 where should i show at the time of making Computation


26 March 2009 if u have a fleet of cars than Rs.3,25,000/- shall be reduced from the block and then depreciation at the year end shall be calculated.

27 March 2009 your query is not clear
please tell the following figures

Sale amount
Car value as per book
cost of car


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