Basic query in taxation
This query is : Resolved
pavankumar
(Querist)
27 September 2013
Q1) Suppose Depreciable asset is a Long term capital asset then While calculating Gains from Sale of Long term Depreciable asset
i)Do we have to indexed the cost ?
ii)What gain will arise ?
I will be very much thankful to you.
Q1) Suppose Depreciable asset is a Long term capital asset then While calculating Gains from Sale of Long term Depreciable asset
i)Do we have to indexed the cost ?
ii)What gain will arise ?
I will be very much thankful to you.
CA Pallav Singhania
(Expert)
27 September 2013
In case of depreciable asset, it will be a short term gain or loss....
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