TMI BlogCalculating Profit from Depreciable Asset Sales: Short-Term Gain u/s 50, Long-Term Exemption Possible u/s 54F.Profit on Sale of depreciable assets may be computed as short term capital gain u/s 50, but eligible for exemption u/s 54F if it is a long term asset. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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