Can Indexation be claimed on Furniture & Fixtures acquired 4 years back for purpose of Long Term Capital Gain working? Which is sold alongwith the SHOP Property.
However, the assessee is not using it for the business and only deriving RENTAL income from Furniture, as a result no depreciation was charged on the same till date.
Pls. Advise
| Originally posted by : SVSHAH | ||
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Can Indexation be claimed on Furniture & Fixtures acquired 4 years back for purpose of Long Term Capital Gain working? Which is sold alongwith the SHOP Property. However, the assessee is not using it for the business and only deriving RENTAL income from Furniture, as a result no depreciation was charged on the same till date. Pls. Advise |
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when the furniture was brought by assessee alongwith the shop, it is integral part of shop capitalized, and no seperate provisions has to be made for this.
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