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Question no. 5 Why is it treated as capital loss ?

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Swathi Krishna

Swathi Krishna

CA Inter

7K+

07-Nov-20 18:13

21

Answers (1)

The machinery is depreciated and sold / scrapped. Diff between WDV & sale value is capital loss on which you get a tax benefit right?


Sriram Somayajula

Sriram Somayajula

Admin

08-Nov-20 09:16

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