Hi
What should be the tax treatment if a company sell its Capital WIP asset
2 Replies
Nitesh
(Chartered Accountant)
(340 Points)
Replied 14 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
Recent Topics
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
Related Threads
CAclubindia
