Capital gain
This query is : Resolved
19 September 2012
Dear Sir,
My company has sold one old Car. What is the procedure to recognise the loss/profit. How could i Calculate the Loss/Profit. Will it come under Capital Gain.
My company has sold one old Car. What is the procedure to recognise the loss/profit. How could i Calculate the Loss/Profit. Will it come under Capital Gain.
19 September 2012
It will be short term capital gain.
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