Long term capital gain
This query is : Resolved
Bharat Trivedi
(Querist)
13 September 2011
My client purchase office Premises in 2003 & used for business. We claim depreciation up to 31.03.2009. The Business was closed sine 29.02.2009.Now he had sold property on 18.10.2010. How to compute Capital Gain on the same ?
CA Navin Jain
(Expert)
13 September 2011
as per income tax act. if assets is used for business and thereon depreciation is claimed,
after ceased to block of the assets, always either of short term capital gain / loss to be come.
after ceased to block of the assets, always either of short term capital gain / loss to be come.
13 September 2011
@ Navin
question is that how to calculate capital gain?
as i think capital gain will be calculate on written down value.
Abhishek Ranjan Singh
ARS Solution
email2ars@gmail.com
+91 9022838615
question is that how to calculate capital gain?
as i think capital gain will be calculate on written down value.
Abhishek Ranjan Singh
ARS Solution
email2ars@gmail.com
+91 9022838615
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