Asset - Law Dictionary Search Results

current assets

current assets Assets of a business that can be liquidated within a relatively short period of time

Such assets

Such assets, means 'those assets', CWT v. Kishan Lal Bubna, (1994) 1 SCC 60.

Equitable assets

Equitable assets, Assets which could only be made available to creditors in a Court of equity; legal, in a Court

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Current assets

Current assets, means bank balances and cash and includes such other assets or reserves as are expected to be realised

Capital assets

Capital assets, do not include lands from which the income derived is agricultural income, First ITO, Salem v. Short Brothers

Actual cost of an asset

Matched in: Term Actual cost of an asset

Distribution of capital assets

Distribution of capital assets, the expression 'distribution capital assets' in the third proviso to sub-s. (1) of, s. 12B of the Act,

basis

or made called also cash method 3 : the value (as cost or fair market value) of an asset used in calculating capital gains or losses for income tax purposes adjusted basis : the basis of an

or amount compare loss capital gain : a gain realized on the sale or exchange of a capital asset (as a stock or real estate) ca·su·al·ty gain : a gain realized by an insured because property insurance

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