What is capital gain for capital employed in business ??
Atharv Sankliya (1354 Points)
26 October 2021
what is capital gain for capital employed in business ??
6 Replies
Janak Shah
(ca)
(603 Points)
Replied 27 October 2021
Capital Employed in business is not a capital asset. So there is no capital gain
sabyasachi mukherjee
(27574 Points)
Replied 27 October 2021
Capital employed
fixed asset plus working capital.
capital gain arises on transfer of capital asset.
fixed asset plus working capital.
capital gain arises on transfer of capital asset.
Atharv Sankliya
(1354 Points)
Replied 27 October 2021
So when we sell the business it will be capital gain ???
sabyasachi mukherjee
(27574 Points)
Replied 28 October 2021
There are two aspects :
1. whether the business is viable and under the natural circumstances termed as going concern.
2. it can be sold at profit as a going concern.
1. whether the business is viable and under the natural circumstances termed as going concern.
2. it can be sold at profit as a going concern.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 01 November 2021
As a going concern
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