Poonawalla fincorps
Poonawalla fincorps

Capital gain computation

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
12 September 2012 Dear Sir,
I have sold the Depreciated Assets to Purchase value, How to adjust the sale value if Net Block is less than the sales value.

Can I adjust the same in loss on sale of assets(set off against capital gains)

Ramachandra.R
Profile Image

CA AYUSH AGRAWAL

Profile Image

CA AYUSH AGRAWAL (Expert)
12 September 2012 The Balance Will be STCG as Per Income Tax Act. Balance Between Sales Value-Net Block

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links