Can any one tell me how to claim ded.Under Section 41(2) for a co.claiming dep.Under Sec.32(1)(III)
Menu
BALANCING CHARGE
Replies (2)
Balancing Charge Is Not Deductible But Taxable U/s Sec.41(2).
Balancing charge is
Sale Consideration - WDV
Maximum upto amount of cost of the assets.
So It is a profit taxable as deemed income u/s 41(2)
Recent Topics :
- How Do CA Firms Manage Client Document Collection
- How do CA firms manage pending client documents du
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
Related Topics :
CAclubindia
