Gain on the sale of assets - Long Term capital gain OR Short ...

Intangible Assets Not Financial Assets for Capital Gains: Clarification u/s 2(42A) of Income Tax Act.

June 23, 2020

Case Laws Income Tax AT

Gain on the sale of assets - Long Term capital gain OR Short Term Capital Gains - “financial asset” u/s 2(42A) or not? - Since the intangible assets are covered in the definition of “block of asset” eligible for depreciation, the same cannot be again covered under the definition of “financial asset” as per Explanation (1) (i) (d) to section 2(42A) of the I.T.Act.

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Gain on the sale of assets - Long Term capital gain OR Short ...

Intangible Assets Not Financial Assets for Capital Gains: Clarification u/s 2(42A) of Income Tax Act.

June 23, 2020

Case Laws Income Tax AT

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