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What is capital gain for capital employed in business ??

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1359 Points Joined October 2021
what is capital gain for capital employed in business ??
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On 26 October 2021 at 22:22 Report
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ca
603 Points Joined May 2013
Capital Employed in business is not a capital asset. So there is no capital gain
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On 27 October 2021 at 00:31
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Chartered Accountant
24588 Points Joined November 2019
What??
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On 27 October 2021 at 09:37
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Profession Business
28196 Points Joined May 2017
Capital employed
fixed asset plus working capital.
capital gain arises on transfer of capital asset.
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On 27 October 2021 at 12:52
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1359 Points Joined October 2021
So when we sell the business it will be capital gain ???
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On 27 October 2021 at 17:13
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Profession Business
28196 Points Joined May 2017
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.
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On 28 October 2021 at 07:08
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Chartered Accountant
24588 Points Joined November 2019
As a going concern
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On 01 November 2021 at 17:40

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