Depreciation
Sanchitt (Student CA CPT ) (161 Points)
27 April 2015
Giridhar S Karandikar
(Team Lead)
(7543 Points)
Replied 28 April 2015
What do you mean by short depreciation.
Is the premises partly used for residential purposes and party for business use.
Sanchitt
(Student CA CPT )
(161 Points)
Replied 28 April 2015
Vishal Goel
(Chartered Accountant)
(1688 Points)
Replied 30 April 2015
Hello, Capital gain on depreciable asset is always short term capital gain, whether it is building, plant & machinery etc..