Sale of fixed assets i trust

We have a car value 10,00,000 as on 01/04/2019 , which was sold for 5,00,000 on 15/05/2019 ( Dep @ 15%)

We also have other assets for 15 % Rate whose value is 50,000 /- as on 01/04/2019.

Query what will be tax treatment for the same in books ?

Loss on sale of car in profit and loss and also sec 50 calculation for the same

Replies (1)
You can claim it as loss on sale of fixed assets (rs. 5.5 lakhs)

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