i would know why depreciable assets are to be considered of short term nature for calculation of STCG/STCL u/s 50 of income tax act ,1961?
thxs in advance......
i would know why depreciable assets are to be considered of short term nature for calculation of STCG/STCL u/s 50 of income tax act ,1961?
thxs in advance......
Cost of acquisition (COA) change in the fixed assets schedule every year after allowing depreciation, so the asset's COA ( value after depriciation)is not more than 12 month anytime, and to avail LTCG it should be 36 month or more,
STCG applicable for less than 36 months.
because of depreciation charged every year
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