Profit on transfer of a business capital asset

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..... ess capital asset 40. (1) The profits from transfer of a business capital asset shall be computed in accordance with the formula- A - (B + C) Where A = the amount accrued or received in respect of the .....

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..... the actual cost of any asset falling within that block, acquired during the financial year. (2) The profit referred to in sub-section (1) shall be treated as 'nil', if the net result of the computatio .....

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