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Depreciation
deprecation in charged under head business profession on residential or commercial so on this short deprection is charged ?
Replies (4)
What do you mean by short depreciation.
Is the premises partly used for residential purposes and party for business use.
In capital gain if assets is depreciable then short term capital is calculated and in Business n profession building in depreciated then its capital gain is short term?
Hello, Capital gain on depreciable asset is always short term capital gain, whether it is building, plant & machinery etc..
Agreed Vishalji.
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