Query about Income Tax Return filling of Deceased Assessee:
Incase of death of an assessee in F.Y.2011, income earned upto the date of death will be taxable in the hands of deceased assessee only. but if income earned before date of death but received in 2014. can income tax return of deceased be filled for the same
Dear all
I Have a querry,
We purchaed printer for 15000/- in2011 and sold in 2014 oct for rs. 3500.
we are pvt ltd co, wants to know accounting treatment.
May i raise tax invocie @ 5.5 tax and sell the printer,
We availed Deprecition since 2011 to till march 14,now what is the calculation for deprecsion and is it loss/gain.
please revvert
CAclubindia
