13 September 2010
One of our client A PVT LTD CO has a profit on sale of machineries in Books , but the Block is exist after selloing of that machine, please suggest me how should i incorporate this transaction in ITR -6 ,IN OTHER INCOME OR WHERE?
What is the situation if it has a loss?
How the statement of total income is prepared in this case as this is not a capital gain should i treat it as business income?
CAclubindia
