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Treatment of Profit on sale of fixed assets

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(Querist)
19 July 2025 Could you please explain the accounting treatment and tax computation for the sale of a fixed asset when there is no capital gain or loss?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
19 July 2025 Generally the sale proceeds gets reduced from the block of assets.
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Sulafa S.V

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Sulafa S.V (Querist)
19 July 2025 In case of profit on sale of fixed assets, what is the treatment sir?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
19 July 2025 The total amount is credited to the block of assets, so the profit is not accounted. Whenever block of assets ceases to exist, then the profit is considered as Short term capital Gain.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
25 September 2025 Good luck...
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