Menu
Profit on sale of assets
its urgent please tell me... if a company sold its asset then what is treatment of profit as per companies act.. at time of filling the return
Replies (3)
Depreciable asset means taxed under PGBP
profit will be shown in p&l account.....and in IT computation profit on sale of aseet will be reduced from income if block of such asset still exit.....if whole block of asset is comes to end then profit will be considered as short term capital gain if it is depreciable asset
Thanks so much both of you
Recent Topic
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
- Return filing for intervening period upto date of
- EPF Withdrawal taxation
- While e filing otp not generating
Related Topics
CAclubindia
