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Capital gain & depriciation point

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(Querist)
01 September 2012 A buliding was acquired for rs.50 lacs and furniture for rs.5 lacs. after a couple of years the building alongwith furniture is sold for rs.80 lacs. what will b the capital gain tax treatment??

Also how will the sale consideration be deducted from the block of assets?
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Praveen Kumar Rathi

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Praveen Kumar Rathi (Expert)
03 September 2012 After charging Deprecation what value will be arrived is the factor for proportionality dividing the value of rs 80 lacs.
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