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Gapital gains

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(Querist)
29 June 2015 A Pvt Ltd co has purchased midc industrial plot 5 years ago now they intend to sell it can they take indexation benefits while calculating capital gains on long term gains kindly reply.
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CA. Sunil Gokhale

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CA. Sunil Gokhale (Expert)
29 June 2015 Yes, indexation benefit is available for industrial plot of land for computing capital gain as no depreciation is claimed on such land.
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