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What is capital gain for capital employed in business ??

Atharv Sankliya (282 Points)

26 October 2021  
what is capital gain for capital employed in business ??

 6 Replies

Janak Shah (ca) (554 Points)
Replied 27 October 2021

Capital Employed in business is not a capital asset. So there is no capital gain

Sourav (Student) (23892 Points)
Replied 27 October 2021

What??

sabyasachi mukherjee (6718 Points)
Replied 27 October 2021

Capital employed
fixed asset plus working capital.
capital gain arises on transfer of capital asset.

Atharv Sankliya (282 Points)
Replied 27 October 2021

So when we sell the business it will be capital gain ???

sabyasachi mukherjee (6718 Points)
Replied 28 October 2021

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.

Sourav (Student) (23892 Points)
Replied 01 November 2021

As a going concern

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