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capital gain/loss on relinquishment of assets

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(Querist)
15 March 2009 the wdv of a building owned by an trust is 1 crore, the trust is relinquishing it by writing it off in its book. the building is being transfered to another trust, whether the loss arising is a capital loss or revenue loss.
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
16 March 2009 income tax is quite diferent from a/c you can not relinquish an assets without consideration

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