Capital gain on sale of buildings - depreciable assets - LTCG or ...

Case Laws Income Tax

January 4, 2021

Capital gain on sale of buildings - depreciable assets - LTCG or STCG - fiction created in sub-section (1) & (2) of Section 50 has limited application only in the context of mode of computation of capital gains contained in Sections 48 and 49 and would have nothing to do with the exemption that is provided in a totally different provision i.e. Section 54E - AT

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Capital gain on sale of buildings - depreciable assets - LTCG or ...

Case Laws Income Tax

January 4, 2021

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