it assessee sales of two wheeler value rs:39,850/- in f.y.21-22.assessee purchase of two wheeler value rs:58,380/-f.y.18-19 no depreciation claimed.
question:
1.sales of two wheeler value show in books and it returns.
2.sales of two wheeler loss amount transferred to capital account or p&l account.
Menu
Sales of two wheeler profit show in books and it returns
Replies (1)
You can show in P & L and do the adjustment in IT Computation
Recent Threads
- Inverted Rate structure .
- Exemption to be climed
- GST TDS u/s 51 Applicability on RBI and it's subs
- Time allowed to buy another asset
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
- Tax Audit If you show Loss
- GST Tax invoice Value Rs..234000
- Can I claim benefit under 54F if I sell my equity
- Income tax refund 25/26
Related Threads
CAclubindia
