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Profit and loss on fixed asset

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 July 2012 I made sale for Rs.50000 which is excluding VAT, when i calculate profit and loss on sale of fixed asset the sale proceeds was only 50000 or 50000+VAT
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CA Vikas

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CA Vikas (Expert)
11 July 2012 On Rs.50000 only.

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