Stcg arise on sale of fixed assets
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 June 2012
Dear Expert,
A partnership firm sold its fixed assets and short term capital gain arises on it, then what rate would be applicable for taxation purpose under IT Act 1961. (It would be 30% or 10%).
In my view, it would be 30%
Please clear my confusion
Thanks
A partnership firm sold its fixed assets and short term capital gain arises on it, then what rate would be applicable for taxation purpose under IT Act 1961. (It would be 30% or 10%).
In my view, it would be 30%
Please clear my confusion
Thanks
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 June 2012
Dear Experts
How to Prepare CMA Data ? What is the necessity of CMA? What are those ratios we need observe in CMA ? How to Mange Ratios in CMA ? How to Project CMA for upcoming years ? Please give me the complete information (Hidden)in CMA
Thanks & Regards
How to Prepare CMA Data ? What is the necessity of CMA? What are those ratios we need observe in CMA ? How to Mange Ratios in CMA ? How to Project CMA for upcoming years ? Please give me the complete information (Hidden)in CMA
Thanks & Regards
14 June 2012
STCg is taxable at the normal rates applicable to the assessee.
In this case, it shall be taxable @ 30%.
In this case, it shall be taxable @ 30%.
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