For filing income tax return in case of company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 September 2016
Where we Show sale of Fixed Assets by company In Income tax return?
27 September 2016
Profit on Sale of fixed assets will b shown in P&L A/c as income from sale of assets and for loss vice versa. In the same way in IT return also we can show it in the P&L A/c under the head Other Incomes("-" ve. is there is loss) We must further disclose it, being not an income derived from regular business activities.
28 September 2016
thank you sir..
28 September 2016
U r welcome. Plz show ur appreciation by hitting the thanks button.
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