in case of books of accounts recorded profit on sale of assets.
while computing income of the assessee as per income tax return purpose what is treatment for the profit on sale of asset?
1. as per law we reduces the wdv of asset by sale consideration.
2. whether it is less form the net profit ?
3. if we less from net profit in pgbp so it is considered as a income or not?
Menu
Profit on sale of assets imapct in case of block of asset is continue
Replies (1)
The profit element on sale of assets is to be added in the net profit
and the sale consideration is to be reduced from the WDV of the assets
and the sale consideration is to be reduced from the WDV of the assets
Recent Topics :
- MR AASHOK KUMAR SHARMA
- NIC codes for FIRMS registration of entity
- Register on Income Tax as CA
- Deduction In Employee Provident Fund
- This is a gift for all Chartered Accountants and P
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Wallet query for GST.
- 25-26 exempted sales
- Hotel stay below Rs.1000/- GST applicable or exemp
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
Related Topics :
CAclubindia
