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
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.
Chirag N Shah & Associates
Mumbai
CA Inter
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