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 ?
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Regarding TDS Applicability For Director Remuneration
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
