Treatment of fised assets sold
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 September 2014
if depreciated assets sold what will be the tax implementation as per income tax
sold on profit
sold on loss
sold on profit
sold on loss
Nikhil Kaushik
(Expert)
06 October 2014
you need to look from the perspective of block of assets. Refer section 50 of the Income-tax Act.
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