Dear Sir/Madam,
Do any one tell me how to calculate capital gain on depreciable capital asset.
Thanks in Advance
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Capital gain on depreciable asset
Replies (2)
As per Income Tax, Capital Gain of depreciable asset arises when the sale value of the asset exceeds the WDV of block of asset. Caital Gain will be Sale Proceeds minus WDV of Block of asset
And also it will be treated as STCG always
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