Short term capital gain
This query is : Resolved
29 September 2011
A MOTOR CAR TRANSFER FROM THE FIRM ON THE DEPRECIATED VALUE OF RS. 2,50,000/- IF MOTOR SALE IN RS. 2,75,000/- IN THAT CASE THERE IS SHORT TERM CAPITAL GAIN TAX WILL CHARGE OR NOT.
29 September 2011
SHORT TERM CAPITAL GAIN WOULD BE ARISE
29 September 2011
WHEATHER IT IS SOLD IN LOWER COST RS 2,25,000/- IN THAT CASE LOSS WILL BE ALLOWABLE OR NOT.
29 September 2011
then short term capital loss will come
29 September 2011
Short term Capital loss also allowed.
30 September 2011
Sir,
NAVIN JI & MR. OBULIRAJAN R JI,
PLEASE CLEAR MY QUESTION THAT I AM ASKING MOTO CAR SALE IN INDIVIDUAL THAT IS TRANSFERED FROM THE FIRM AND THAT IS SOLD LOWER THE BOOK VALUE. AND THAT IS NOW PERSOAL ASSETS AS PER SECTION
2(14) , SO WHAT WILL BE TAX TREATMENT.
THANKS IN ANTICIPATION
NAVIN JI & MR. OBULIRAJAN R JI,
PLEASE CLEAR MY QUESTION THAT I AM ASKING MOTO CAR SALE IN INDIVIDUAL THAT IS TRANSFERED FROM THE FIRM AND THAT IS SOLD LOWER THE BOOK VALUE. AND THAT IS NOW PERSOAL ASSETS AS PER SECTION
2(14) , SO WHAT WILL BE TAX TREATMENT.
THANKS IN ANTICIPATION
30 September 2011
no tax treatment on sale to personal assets.
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