WIP

1113 views 2 replies

SERVICE

315 Points Joined July 2007

What should be the tax treatment if a company sell its Capital WIP asset

Replies (2)

Chartered Accountant

340 Points Joined August 2007

the difference between cost and sale value will be treated as business income and will be charged under Businmess head and not Capital Gain head

450255 Points Joined August 2012

Is there any case on taxation of sale of capital WIP?

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