No indexation benefit is available for depreciable assets. The gain/loss on sale of car will be cr./dr. in the P/L Account.
Menu
Fixed assed profit
Replies (18)
No indexation benefit is available for depreciable assets. The gain/loss on sale of car will be cr./dr. in the P/L Account.
If we don't claim depreciation on asset can we Claim indexation cost benefit or it will have to show in p&l account
Sir I have an query can you please clear out me that I purchase a Goggles and frames of 30000 thousand for uses what will be a group and entry can you please tell me sir
It comes under a fixed assets ; drawing or expenss can you please tell me sir or mam
Recent Threads
- Accounting of Govt Grant in aid-Assam Tea Estate
- Utilizing Capital gains in new home construction
- Hi i have some doubt about my microsoft exam?
- Period of holding of residential flat and its acqu
- ITRs for AY 2025-26 filed in September 2025 not pr
- Heard & Seen Around – Your Daily Economi
- Best NISM course for an Accountant
- Calculate IT on LTCG AND STCG for the FY 2025-26
- Heard and Seen Around - Your Daily Economic Quick
- Returning to India - Residency confusion
Related Threads
CAclubindia
