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No a ordinary individual taxpayer can not carry back a capital loss for the sale of assets using the 1040 federal income tax return.
no owners capital is not an asset its an internal liability for the company
That a claim must be made by the taxpayer before capital allowances can be granted.No capital allowances shall be made to an individual for a year of assessment unless claimed by him for that year (para.25 of 5th schedule of PITA 1993)
That a claim must be made by the taxpayer before capital allowances can be granted.No capital allowances shall be made to an individual for a year of assessment unless claimed by him for that year (para.25 of 5th schedule of PITA 1993)
No, capital assets are listed as PP&E (Property, Plant, & Equipment). An account receivable is either a current asset or a long-term asset, not a capital asset.
No a ordinary individual taxpayer can not carry back a capital loss for the sale of assets using the 1040 federal income tax return.
no owners capital is not an asset its an internal liability for the company
no owners capital is not an asset its an internal liability for the company
That a claim must be made by the taxpayer before capital allowances can be granted.No capital allowances shall be made to an individual for a year of assessment unless claimed by him for that year (para.25 of 5th schedule of PITA 1993)
That a claim must be made by the taxpayer before capital allowances can be granted.No capital allowances shall be made to an individual for a year of assessment unless claimed by him for that year (para.25 of 5th schedule of PITA 1993)
That a claim must be made by the taxpayer before capital allowances can be granted.No capital allowances shall be made to an individual for a year of assessment unless claimed by him for that year (para.25 of 5th schedule of PITA 1993)
No, capital assets are listed as PP&E (Property, Plant, & Equipment). An account receivable is either a current asset or a long-term asset, not a capital asset.
No. No capital asset results from it.
None!- Its liability.
yes
capital structure
why is data considered as an economic asset like land, labour and capital