Menu
IT treatment-Loss/Profit on sale of Fixed Assets
Is Loss/Profit on sale of Fixed Assets are disallowed under Income tax? if Yes under which section? How it is treated while computing the Total Income of the assessee?
Replies (6)
You may show it under STCG and disallow from PGBP
Disallowed from business & profession income, same is taxable under head capital gain
What's the difference between first and second answer ?
Nothing just confirmation to assure querist
👍🏻👍🏻🍵
Again stupidity starts (winner of 4 th to 23 th what you called me) This is your game of putting thumbs
Recent Threads
- CERTIFIED FRAUD EXAMINER EXAM
- Service availed ITC query
- How do I purchase Copper Clues games in Kolkata?
- Regarding Annual Return for 23-24
- Property registration without physical PAN card
- Paying Rent in Cash: This Could Trigger an Income
- Market Down, Portfolio Down: Need suggestions for
- How much tax is payable If I withdraw my mutual fu
- GST Penalty Provisions under Section 73 vs Section
- How VFA Academy Helps Traders Build Discipline and
Related Threads
CAclubindia
