Tax implication on sale of assets
This query is : Resolved
08 February 2014
assessee sold deprecisble assets (building) along with machinery, furniture , etc(i.e. other depreciable assets) received consideration for building only.
market value more than consideration means paid stam duty on higher value.
received nothing for other assets .
please what is tax implication on this for both assets
market value more than consideration means paid stam duty on higher value.
received nothing for other assets .
please what is tax implication on this for both assets
08 February 2014
Dear Neeta,
please specify whether consideration received is less than the Stamp Duty Valuation ?
please specify whether consideration received is less than the Stamp Duty Valuation ?
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