one of my client purchase shop in year 2000 and claimed depreciation upto march 2005 and thereafter given on rent and shown in income from house property. now in year 2012 he has sold the shop. my question is whether this is short term capital gain or long term capital gain if it is long term capital gain than indexation will start from year 2000 or from year 2005.
please clearify the matter.
Thanking you
CAclubindia
