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IT treatment-Loss/Profit on sale of Fixed Assets

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7 Points Joined November 2018
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?
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On 28 June 2022 at 23:51 Report
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CFO- at NHTF
58280 Points Joined August 2012
You may show it under STCG and disallow from PGBP
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On 29 June 2022 at 08:27
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Chartered Accountant
86505 Points Joined April 2011
Disallowed from business & profession income, same is taxable under head capital gain
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On 30 June 2022 at 22:50
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CFO- at NHTF
58280 Points Joined August 2012
What's the difference between first and second answer ?
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On 07 July 2022 at 21:41
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Chartered Accountant
86505 Points Joined April 2011
Nothing just confirmation to assure querist
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On 07 July 2022 at 22:20
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CFO- at NHTF
58280 Points Joined August 2012
👍🏻👍🏻🍵
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On 10 July 2022 at 11:00
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Chartered Accountant
86505 Points Joined April 2011
Again stupidity starts (winner of 4 th to 23 th what you called me) This is your game of putting thumbs
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On 10 July 2022 at 13:02

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