Assessee shall file return on presumptive basis u/s 44AD. Whether assessee should not charge depreciation on it and not take benefit of interest on the loan take for the property though used for business. As assessee shall not be reinvesting the gains in another property in the future. What's advisable from tax angle.? Whether long term capital gains will hold well during assessment ?Will.it be beneficial over short term gains in the future. property cost 1 crore. purchased in April 2019
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