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Capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 September 2015 I HAD SOLD AN LONG TERM ASSET IN A BUSINESS WITH PROFIT OF RS 50000.
I HAD ALSO PRESENTED IT IN P/L A/C.
NOW DO I NEED TO DO SHOW IT IN CAPITAL GAIN ENTRY FOR SUCH PROFIT ?
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RahulMehta

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RahulMehta (Expert)
27 September 2015 if it is a capital asset. then it is chargeable to tax under head capital gains separately

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