Menu
Capital asset or not
car purchased by company now it will be a capital asset on liquidation.
Replies (3)
Yes, it is a Capital Asset.
but it is being used as personal use by company.. then still it will be capital asset
How can there be personal use for company? It has to be for company use only right?
Recent Topic
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
- Please share the roc and income tax compliance fo
- Proprietor have 2 business. One is registered unde
- ITR-4 – Gross Receipts or Turnover for Secti
- Unrelated entries in AIS and Form 26as
- Payment to foreign national
Related Topics
CAclubindia
