What will the treatment of below :-
Assessee has sold one asset from a block of asset (motor car). He follows dep as per IT. Now since the block is present, the assessee would continue claiming dep in this sold asset until it becomes Nil ?
Also, what should he account for in his books for the asset sold? He sells at a loss. Should this asset be removed from books?
Menu
Depreciation on asset sold from block .
Replies (1)
If assessee sales the assets then not liable to dept. on that assets
any profit or sale treatment to the capital a/c in case of assets
any profit or sale treatment to the capital a/c in case of assets
Recent Topics :
- TDS ON PF FORM 19 WITHDRAWAL
- Can a virtual office in Mumbai be used for company
- Eway and e invoicing in condition where 4 party ar
- Bank balance in ITR-3
- INCLUDING PROFITS FROM REIT / INVIT IN SHARE TRADI
- Tempsens Instruments IPO GMP Allotment Listing dat
- Upload Type - Correction. Not showing in TDS filli
- Partnership tax audit query
- ERROR SHOWING PARTNER REMUNERATION ITR 3 TIME OF V
- Form 146 foreign remittance us citizen
Related Topics :
CAclubindia
