Cost of telecommunication licence -1500000
W.D.V.=1300000
Sale proceed=1370000
business income =70000
in this question wheather their is capital loss of 130000 (1500000-1370000) or not
Jain Darshan
(Article )
(67 Points)
Replied 07 April 2012
In this if depreciation has been charged then there is no question of 15L for CG calculation
There is income of 70k
vivek
(no)
(37 Points)
Replied 07 April 2012
tarun
(Article)
(45 Points)
Replied 29 April 2012
There is no short term capital Loss.
There is only business income of 70,000Rs./-
Peter Sequeira
(*)
(81 Points)
Replied 30 April 2012
Since the sale proceeds dont exceed the cost of acquisition, the excess over the WDV will be treated as business income.
Peter Sequeira
(*)
(81 Points)
Replied 30 April 2012
Since the sale proceeds dont exceed the cost of acquisition, the excess over the WDV will be treated as business income.
CAclubindia
