Whether expenses are allowed against misreporting income
sambhaji shatawaji (28 Points)
07 November 2021whether we can claim cost of acquisition
against sale proceed?
sambhaji shatawaji (28 Points)
07 November 2021
CA Aakarsh Jain
(CA)
(10431 Points)
Replied 07 November 2021
Yes whenever you sale any capital asset, sale proceeds are adjusted from its cost of acquisition.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 08 November 2021