We are sold some of the fixed assets to one person and remaining assets to another person at a loss. How should we calculate capital loss for diffent fixed assets with two sale considerations.
Thanks,
Satheesh
Satheesh (CMA & CA Final) (189 Points)
28 December 2012We are sold some of the fixed assets to one person and remaining assets to another person at a loss. How should we calculate capital loss for diffent fixed assets with two sale considerations.
Thanks,
Satheesh
CA SONIYA AGARWAL
(self practice)
(3005 Points)
Replied 28 December 2012
calculate period of holding , cost of acquisition nad sale consideration of each asset separately if they cant be grouped togehtter , andd compute CCapital gain og each asset separately
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