Written down value asset sold

loss,if any, arising out of sale of fixed asset shall be treated as short term capital loss, irrespective of the period for which the assets is held or used.

if the asset are used for the business porose then loss will be business loss

Dear Valji,

I think, even if the assets are used for business purpose, it iwill be treated as short term capital loss only.

Originally posted by : Jayesh
	Dear Valji, I think, even if the assets are used for business purpose, it iwill be treated as short term capital loss only.

Agree.........

Agreed with Jayesh and Pooja...