Capital gain on depriciable assest
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 December 2014
Can it is a possible that Long term Capital gain on depriciable assets.
If sale consideration more than actual cost of acquisition than what treat would be as per Income tax Act.
If sale consideration more than actual cost of acquisition than what treat would be as per Income tax Act.
17 December 2014
For depreciable asset and assessed as such, it is treated as SHORT term capital gain.
17 December 2014
the ans is no and treated as stcg only.
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