Menu
Profit on sale of fixed assets
profit on sale of fixed assets is revenue receipt or capital receipt ??
Replies (4)
Capital receipt certainly
So why it is recorded in p&l a/c
Incomes and gains are nominal accounts
Please provide the details of depreciation https://banksnear-me.com/ available for LED lights used in factory for industrial purpose as per income tax act Your early .
Recent Threads
- Can claim Itc
- Transfer of mutual funds to son as gift
- First Time ITR with 5000 penalty
- Loss due to non tradeable stocks
- What's CGAS?
- Income tax status
- Demand raised for 'Self assessment tax' amount AY2
- TDS payment using Form 26QB when buying property o
- Export sales not realised payment not received fro
- RCM related queries
Related Threads
CAclubindia
