No indexation benefit is available for depreciable assets. The gain/loss on sale of car will be cr./dr. in the P/L Account.
Fixed assed profit
Page no : 2
Sahil garg
(Accountant)
(52 Points)
Replied 02 June 2021
If we don't claim depreciation on asset can we Claim indexation cost benefit or it will have to show in p&l account
Ayush Lakhotia
(43 Points)
Replied 02 June 2021
Sir I have an query can you please clear out me that I purchase a Goggles and frames of 30000 thousand for uses what will be a group and entry can you please tell me sir
Ayush Lakhotia
(43 Points)
Replied 02 June 2021
It comes under a fixed assets ; drawing or expenss can you please tell me sir or mam
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