Tax audit clause 16 (e)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 November 2015
The amount not credited to P&L a/c under this clause subsection (e) asks for capital reciepts, if any.
So if I have a profit on sale of FA, whole sale proceeds should come or only the profit to the extent which is not credited?
Please reply asap with some strong evidence to your answer.
So if I have a profit on sale of FA, whole sale proceeds should come or only the profit to the extent which is not credited?
Please reply asap with some strong evidence to your answer.
25 November 2015
Only the profit to the extent not credited.
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