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What is capital gain for capital employed in business ??
what is capital gain for capital employed in business ??
Replies (6)
Quick Summary
Capital Employed in business is not a capital asset. So there is no capital gain
What??
Capital employed
fixed asset plus working capital.
capital gain arises on transfer of capital asset.
fixed asset plus working capital.
capital gain arises on transfer of capital asset.
So when we sell the business it will be capital gain ???
There are two aspects :
1. whether the business is viable and under the natural circumstances termed as going concern.
2. it can be sold at profit as a going concern.
1. whether the business is viable and under the natural circumstances termed as going concern.
2. it can be sold at profit as a going concern.
As a going concern
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