Capital assets
This query is : Resolved
06 August 2015
can i show my mobile phone as personal assets in balance sheet. and what happen when i sale of this mobile phone on loss.
06 August 2015
Mobile phone per se is Personal effect unless otherwise purchased and used by the owner.
The personal effects are NOT capital asset subject to however the exceptions like jewellary etc.
The personal effects are NOT capital asset subject to however the exceptions like jewellary etc.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst registration in the state of maharashtra
- Treatment of Car allowance
- Dried Vegetable Sale from Rajasthan to MP, E-way Bill compulsory or not?
- After retirement
- 44AD PRESUMPTIVE RATE ON CREDIT SALES
- Is GST threshold limit applicable for services by Indian firm, receipts receiving from foreign accou
- Input tax credit on modular office kitchen
- Section 192 2B
- Want sell 3 years old privet limited company in Mumbai
- Service Provider GST
- REGARDING RETIREMENT OF PARTNER
- Regarding consequences of retirement of partner in firm
- Time Limit for Availment of ITC laying in ITC Reversal Ledger
- Tally entry - Debit note
- Debit Note of GST amount
- Regarding ITC taken or not
- GSTP registered individual should apply gstin for trading business
- Liability for GST registration in case of commission agent dealing in the sale of land.
- GST Payable Entry
- Reporting Missed Sale in GSTR-3B
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
