Sale of building
Querist : Anonymous
1. Land
2. Building
Since Land is not depreciable assets and if your holding period is more than three years, then you will be entitled for indexation on cost of Land and gain on sale of Land would be LTCG and would be subject to tax @20%.
Builing is a depreciable assets, so the gain on sale of building part would be STCG and would be taxed with regular income @30%.
Querist : Anonymous
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