ICICI

Capital gain exemption in purchase and sale of industrial shed


mihir patel (proprietor)     22 July 2019

mihir patel
proprietor 
 35 points

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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?

 

avater

Dhirajlal Rambhia (KVO Merau Kutchh)     22 July 2019

Dhirajlal Rambhia
KVO Merau Kutchh 
 8994 likes  91837 points

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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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