Dear Naina Sir,
I think you mean 'sells' as the error!
I too meant that Sir!No, it was Mr.Saroram who wrote 'sells', vide post #17.
exchange of husband for some money -can it be really called a sale. if some old ladies offer money along with husband would it be called sale or donation. I am asking from the view of income tax under which head does one put it . pay sales tax or claim tax relief on donation.
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Movable assets include items that are not necessarily part of the building.For example movable assets have an asset purchase cost of $5000 or greater per unit and depreciate monthly for the life of the asset.(taken from Duke Financial Services)
What about depreciation of the movable asset( a.k.a husband)?
If husband is the asset, would wife be the liability?
The foolish wife who was trying to sell the unpolished diamond as unwanted glass piece will be sorry when the true polished diamond is resold for millions.
What is this new polish that can polish Maamas?LOL
yay yemji comes closest to the right answer. NPA would appear to be the nearest definition.with added tax free expense for nuisance. not many will qualify under the hazard clause except some talking in chennai tamil and inviting trouble for others in this forum.lol
If husband is the asset, would wife be the liability?