Doubt about type of loss

Its a capital gain...or loss...

if u are asking under purview income tax...its either short term cap gains or long term cap gains based on the period of holding of the asset...

if u r asking as to accounting...u can credit profit and loss a/c...

wait for an expert to reply though

but many of them told that in profit and loss we only charge revenue income and expenditure

I MIGHT BE WRONG !!

a. Any accounting standard does not say that u have to debit/credit revenue exp/incomes to profit and loss a/c

b. At year end, u will distribute dividen from only Profit and loss a/c...dont u think profit or loss from sale of fixed asset should be divided too ?

c. In income tax, Mostly Revenue expenditure is allowed as deduction...(there are some exceptions ofc)