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Capital gain on depreciable capital assset

This query is : Resolved 
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(Querist)
17 July 2012
can indexation is applicable on short term capital gain arising from sale of vehicle u/s section 50.

please advice.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
17 July 2012 Indexation will not apply for short term capital gain and also section.50 deals with Special provision for computation of capital gains in case of depreciable assets
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naresh

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naresh (Expert)
16 August 2012 No Indexation benefit is available
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