Loss on assets sale

Tax queries 621 views 1 replies

if we dispose off any fixed assets i.e. fully retired(Deletion from Books of accounts) the assets. is there any disallowable limit to book the loss for retirement of assets in books. under which section it will be disallowed.

Replies (1)

Since there is no such expenditure is involved in sale of fixed assets, hence question of disallowance not been arised. There is no such ceilling limit.


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