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
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
please tell the following figures
Sale amount
Car value as per book
cost of car
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Tax on Deemed Capital Gain
- Section 194JA & JB Income which ITR Form to use
- Regarding ITR filing with more value than showing in AIS/TIS
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
