Dear all,
i am having business whoes turnover is totally exempt. Now i want to buy a new capital asset and want to sell old capital asset.
my question is can i set off the input of new capital asset against output liabilty on selling of old asset. Whether i will get input all in once or in installment.
pls note-- my turnover is totally exempt.
MANUJ SHARMA AND COMPANY
Noida
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CAclubindia
