Why is the Gain on Depreciable assets always considered as short term Capital Gain, when the assets are long term in nature?
Why is the Gain on Depreciable assets always considered as short term Capital Gain, when the assets are long term in nature?
as the depriciable assets are loosing its value every year due to depriciation, so new value is available at start of every financial year, hence the gains would be short term in nature always with taking WDV of last year in account as Cost of Acquisition.
| Originally posted by : U S Sharma | ||
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as the depriciable assets are loosing its value every year due to depriciation, so new value is available at start of every financial year, hence the gains would be short term in nature always with taking WDV of last year in account as Cost of Acquisition. |
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