Capital gain
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 August 2017
I have 2 factories on which i have charge depreciation. Now i am selling 1 factory in Rs 1 crore. 1 factory WDV is 40 lakhs and 2nd factory WDV is 35 lakhs. How to calculate capital gain in this case.
K Srinivas, CMA CS
(Expert)
12 August 2017
if you're selling only factory 1, then your capital gains will be 1cr minus 40 lacs = 60 lacs
CA Rashmi Gandhi
(Expert)
12 August 2017
STCG is 25 lakh(1 crore less 75 lakh)
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