SALE OF FIXED ASSETS

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sumit bhartia (Querist)
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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

HUZAIFA HUSSAIN

HUZAIFA HUSSAIN (Expert)
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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.

Sanjay Soni

Sanjay Soni (Expert)
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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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