Easy Office
LCI Learning

Expenditure incurred for transfer of asset


20 May 2017 When sale of asset from the block of asset. Why we deduct the sales expenses from the sale value? Please tell me which example or logic.

21 May 2017 Please refer section 50 of Income Tax Act, 1961

21 May 2017 Dear sir, I read sec 50 but sir why act allowed for the deduction transfer expenditure from sale value..any logic behind that ?




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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query