CAPITAL LOSS for sale of Vehicle i.e., Lorry used for more than 36 months for goods transportation, for which no depreciation will be provided. The value of vehiVeh as per B/S is ₹ 435000.00. Sold for ₹ 225500.00.
How to compute Capital loss as per income tax act.
Thank you for Paresh sir and Ramakrishnan Sir
That, if i found wdv then the loss can be claimable ? Or debited to p&l only, For that how to debit the wdv depreation for the asset at once, Thank you Sir,
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