InvestorQ : R had been using an asset for is business and its W.D.V. as on 1.4.2019 was Rs.3,50,000 he sold this asset to G for Rs.5,00,000 and G leased back this asset to R. The market value of this asset on the date of sale was Rs.4,00,000; in this case, t
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R had been using an asset for is business and its W.D.V. as on 1.4.2019 was Rs.3,50,000 he sold this asset to G for Rs.5,00,000 and G leased back this asset to R. The market value of this asset on the date of sale was Rs.4,00,000; in this case, t

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