Easy Office
LCI Learning

Selling Old assets to employee in a pvt ltd co.

This query is : Resolved 
Profile Image

Profile Image

(Querist)
16 January 2010 What care should be taken for selling out few old assets to the employee itself ?

Kindly explain the treatment / procedures / precautions under both Co's Act & Income Tax Act.

Subhash Jha
Profile Image

Chandresh Pitroda

Profile Image

Chandresh Pitroda (Expert)
19 January 2010 consider and treat it as a normal sale of assets and computer Loss / Profit on sale of fixed assets and book it.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links