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Asst is sold for more than written down value

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(Querist)
08 February 2023 Asset is sold for more than written down value. The asset is in block of assets. Whether the excess amount received more than written value is to be shown as income or to be adjust against block of assets
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
08 February 2023 In case the block of assets exists, you have to adjust total amount towards the block of assets..

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