Capital Gain

Tax planning 461 views 1 replies

Good Morning Dearies,

Hope everything is fine at ur end.

Sub: Sale of a Processing Unit with various fixed assets

Pls advise me from tax point of view:

Whether the building has to be disposed off alongwith land 

OR

 the building has tio be written off (after demolition).

Have a great Day.

Regards,

 

Sanjay

95660 30411

 

 

 

 

 

Replies (1)

if the depriciation is charged in previous years, then - no capital gain possible, you have to get the profit / loss in P/L account on diff between written down value and actual consideration received.


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