06 December 2013
if Purchase price of asset =50000 its wdv= 30000 sold at 80000 revenue profit = 20000 Capital profit = 30000 i want to know the treatment for capital profit
06 December 2013
there is no concept of capital profit in case of sale of fixed asset. it is normal profit on sale of fixed asset, need to be show as income
CAclubindia
