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+--- Thread: Gain on sale of fixed assets (/thread-gain-on-sale-of-fixed-assets)
Gain on sale of fixed assets - Riaz Malik - 06-29-2010
Hi all,
Can any body tell me that if a private limited company sells its fixed assets and get some gain after adjustment of depreciation.
What tax rate to be charged on gain amount if company business income is exempt from tax and Company is working as Small Business Entity (SBE). Looking for your quick and positive reponse. Thank you.
Riaz Malik
- ciapk - 06-29-2010
Dear MALIK,
I will advise to put your question on Tax chapter of this forum in order to get instant reply,
Regards,