Stcg/ ltcg

Dear rahul In your case it will be long term capital gain as you have completed 3 years from the date of acqusition. But if due to sale of this asset the block get exhausted then it will come under stcg.( calculation is done on the same taking the effect of depriciation) I hope your query is solved regards

if i have other assets in same block but i m not selling them,they remain as it is...then my shop will covered under LTCG.???

 

Dear as of u are taking the benefit of depreciation every year it means whenecer u will sell the property u have to compare ur sale price with WDV value of shop in such a case there always be STCG however if the entire block will be sold then the case may be differecnt but already mentioned that not such a cse hence in ur case STCG will be arise.

 

dear manoj sir-if is stcg than the computation of tax on that gain will be as per my slab ie. my total income including that gain -200000...

or it will be different????