Taxability of capital gain wher cost is nil after amortizati
pooja dedhia
(Querist) 26 February 2014
This query is : Resolved
what is the taxability under capital gain in below eg - 1.when cost of fixed assets which follow under capital assets 2.this assets has a cost when it is purchased . due to adoption of amortisation method , now cost comes nil. 3. when this is put to sale , how to treat the consideration received on account of sale ? is it taxable ? if yes under which head? who will pay tax?

Guest
(Expert) 26 February 2014
She seems to be habitual of posting only academic queries.