Capital gain on sale of shop
Querist : Anonymous
i had purchased shop on march 2006,than i claimed depreciation on it up to march 2009,after i had given it on rent to other and i had obtained the benefit of that rent income under the head of income from house property up to 1st march 2012,amd than i sold the shop in 30th march 2012,
for period of march 2009 to 1st march 2012 i had not claimed depreciation on it
so my question is that at the time of sale capital gain arising onit is considered as short term capital gain ? or long term capital gain?
Querist : Anonymous
But we already claim depreciation than also LTCG
As per my opinion it is Short term Capital Gain
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