Selling Old assets to employee in a pvt ltd co.
This query is : Resolved
16 January 2010
What care should be taken for selling out few old assets to the employee itself ?
Kindly explain the treatment / procedures / precautions under both Co's Act & Income Tax Act.
Subhash Jha
Kindly explain the treatment / procedures / precautions under both Co's Act & Income Tax Act.
Subhash Jha
19 January 2010
consider and treat it as a normal sale of assets and computer Loss / Profit on sale of fixed assets and book it.
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