Capital gain & depriciation point
This query is : Resolved
Ayushi Agarwal
(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?
Also how will the sale consideration be deducted from the block of assets?
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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