Capital gains on depreciable assets
This query is : Resolved
ANIL SHARMA
(Querist)
02 June 2015
I have a client who is a pvt ltd co, they have sold factory building premises purchased four years ago and claimed depreciation for the last four years, how would the working of capital gains work out and would it be short term or long term capital gain
02 June 2015
Even though the asset was long term it will be short term capital gains as per section 50.
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