Capital gain exemption in purchase and sale of industrial shed

Tax planning 338 views 1 replies

 

I HAVE PURCHASE 2 INDUSTRIAL SHED 15 YEARS AGO. AND SOLD IT IN THE YEAR 2017 AND 2018. AGAINST IT I HAVE PURCHASE NEW 2 INDUSTRIAL SHEDS IN 2018. WHETHER CAN I GET ANY CAPITAL GAIN BENEFIT FOR LONG TERM CAPITAL GAIN EXEMPTION OR NOT?

 

Replies (1)

Whether any depreciation was claimed over the shed being sold?

Whether any other assets remaining in the same block of assets?

Whether the sheds were treated as investment?


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