Appreciation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 March 2014 when is the appreciation in value of assets is recorded in the books and

if depreciation is claimed from the building, then we cannot claim capital gains from that property, is written in which section and pls tell me about this little bit.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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12 March 2014 appreciation should never be booked as such...however revaluation can be done...you may refer https://www.caclubindia.com/articles/revaluation-of-assets-73.asp#.Ux99Gs63vh4

it is no where written that capital gains dont arise on depreciable assets. just that capital gains from depreciable assets are always taxed as short term capital gains. (refer section 50)

Querist : Anonymous

Querist : Anonymous (Querist)

13 March 2014 sir link which u provide me thanx for that but sir that contain lot of can u tell me crux of that.

sir pls also tell me while preparing small return which contain land and building also, if we claim dep. on it then why we can not claim short term gain on it.

and sir I have already read sec-50 that's why I'm ahving problem in this concept

Nikhil Kaushik

Nikhil Kaushik (Expert)
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13 March 2014 Dear friend,

I advise you to get into habit of reading rather than looking for crux. This shall be helpful for you in longterm

I already answered that when you the asset is a depreciable ones, short term capital gains arise on sale of such asset. But how you intend to depreciate land is something you need to understand??

Querist : Anonymous

Querist : Anonymous (Querist)

18 March 2014 okkkkkkkkk Sir

And Thank U sir

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