Menu
loss on sale of asset
Whether loss on sale of asset booked as loss in profit and loss account should be add back while calculating total income of business as per income tax act????If yes what's the reason????
Replies (2)
Expenses and incomes related with the business is only considered in in the computation of business net income as per IT act
kk it's correct
Recent Threads
- Can I set off equity losses(both short term loss a
- Input tax credit on rent to rent
- Family Pension Army
- Waste Management services
- Seeking Clarity: New Transport Allowance Limits (D
- Query regarding Consolidated Gift Deed for Bank Tr
- TDS u/s194IB - Joint Ownership
- Free GST Reconciliation Tool in Google Sheets R
- NRI return after due date refund case
- TDS u/s 194J - training honorarium
Related Threads
CAclubindia
