STCL on Vehicle
vishal (na) (175 Points)
09 October 2021
Short term capital loss on vehicle should be debited to p&l acc or taken into capital account .
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 09 October 2021
It is a loss Fromm personal or investment properties. It can be set off against short term gains arising from similar class of assets. Meantime, debit the loss to pl
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