capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 August 2010
it is said that depriciable assets always attract short term capital gain.
is the above contention correct?
i want to know in what circumstances depriciable asset will attract LTCG?
is the above contention correct?
i want to know in what circumstances depriciable asset will attract LTCG?
09 August 2010
As per Section 50(1) gain / loss on sale of any depreciable asset will be STC Gain / loss.
01 September 2010
yes, it is correct.
depreciable assets never attract LTCG
depreciable assets never attract LTCG
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