Fixed assest at concessional rate

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k.k.meenakshi (Querist)
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22 December 2014 fixed assest is granted by governament at concessional rate.it is profit for the firm so, is it neccesary to pay tax as capital gain

Ketan Shah (Expert)
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23 December 2014 Record the asset at the value paid to government and claim depreciation on concessional rate.

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