banner_ad

Tax implication on sale of assets

This query is : Resolved 
Profile Image

Profile Image

(Querist)
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
Profile Image

CA Galib Mirza

Profile Image

CA Galib Mirza (Expert)
08 February 2014 Dear Neeta,
please specify whether consideration received is less than the Stamp Duty Valuation ?
Profile Image

neeta

Profile Image

neeta (Querist)
08 February 2014 yes consideration is less than stamp duty valuation.
Profile Image

neeta

Profile Image

neeta (Querist)
08 February 2014 yes consideration is less than stamp duty valuation.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details