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?
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Profit on sale of assets imapct in case of block of asset is continue
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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
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