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02 October 2014 Sir what is the tax.rate for dep.assets if held 4 more den 3yr or also for less than 3 yr.and under which head it will be taxable
plz its urgent

02 October 2014 they are taxable under short term capital gains (refer section 50) irrespective of holding period


02 October 2014 for further understanding, refer this article http://taxguru.in/income-tax/provisions-relating-capital-gains-case-depreciable-assets.html




06 October 2014 yes sec 50 is applicable in this case............



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