Sale of Fixed Assets
This query is : Resolved
05 September 2009
how to disclose following transaction in fixed assets annexure in Form 3CD.....
opening balance of car as on 1st april 08 is Rs.50,309 dep. as per book on 19th jan 09 is Rs.5974 sale as per book is Rs.45000 and profit on sale is Rs.665......????
Regards.
opening balance of car as on 1st april 08 is Rs.50,309 dep. as per book on 19th jan 09 is Rs.5974 sale as per book is Rs.45000 and profit on sale is Rs.665......????
Regards.
05 September 2009
op bal - as per I.Tax
deduct 45000
charge dep on balance amt if there are other assets in the block of assets otherwise bal will be short term capital gains.
deduct 45000
charge dep on balance amt if there are other assets in the block of assets otherwise bal will be short term capital gains.
Message likes :
1 times
05 September 2009
Deduct Rs.45000 from Opening balance on 01-04-2008 and charge depreciation on balance amount if there are any other assets in the block. If there are no assets the balance will be dealt as per Capital gains.
Message likes :
1 times
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
- Fixe term employment
- Is any professional CA is here please reply
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Putting a heading on received mail
- Gift Received from nonblood relative
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Experts need help
- Section 50-fixed asset-->building ceases to exist
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
