Menu
Business asset
Business Asset held for more than 36 months(one Lorry) Depreciation claimed . Whether capital gain arrising on sale can be invested in 54EC bonds for claiming exemption.
Replies (1)
Yes it can be as it's a capital gain of long term asset, even though computed as short term capital gain. There is one case law on this decision also.
Recent Topic
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
- Please share the roc and income tax compliance fo
- Proprietor have 2 business. One is registered unde
- ITR-4 – Gross Receipts or Turnover for Secti
- Unrelated entries in AIS and Form 26as
- Payment to foreign national
Related Topics
CAclubindia
