Profit on transfer of a business capital asset

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..... ness 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 = th .....

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..... (ii) the asset at the beginning of the financial year, in any other case. C = the actual cost of any asset falling within that block, acquired during the financial year. .....

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