Profit on Sale of Asset
This query is : Resolved
18 September 2009
Kindly give Treatment of Profit on Sale of Asset in ITR 6
19 September 2009
you have to consider it block wise.
if all the assets of a block has been sold or the sale of an asset is higher than the block's wdv then it will be profit on sale of assets.
and in itr-6 it will be shown as shortterm capital gain in worksheet "CG-OS"
(full value of consideration-COA)
COA will be wdv of the block.
if all the assets of a block has been sold or the sale of an asset is higher than the block's wdv then it will be profit on sale of assets.
and in itr-6 it will be shown as shortterm capital gain in worksheet "CG-OS"
(full value of consideration-COA)
COA will be wdv of the block.
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