Fixed Asset (Depreciation and Profit on the same)

Caculate the amount attributable towards interior

from that deduct WDV at the end of the previous yr

if resultant figure is +ve  then it is ur capital gain profit

I agree with Biswaranjan

proportionately allocate the sale proceeds on the basis of WDV of both assets and then calculated the P/L

PLEASE TELL ME THE TREATMENT OF ACCUMULATED DEPRICIATION

ACCUMULATED DEPRECIATION ID DEDUCTED FROM GROSS VALUE OF ASSETS

Accumulated Depreciation relating to assets sold will be reversed.

>>Vipul Garg

Hi, Could you send me Fixed Assets Register in Excel or Access format. My email id is bighnaraj80 @ gmail.com

Hi,

Please send me a Fixed Asster Register in Excel sheet Format

Iam working i an NGO

PLs also guide and update me with all the Income tax rules set for  an NGO concern

thanks

By email id is

dorthyamaresh @ gmail.com