Computation of capital gains under section 50 - no depreciation ...

Case Laws Income Tax

April 27, 2021

Computation of capital gains under section 50 - no depreciation had been claimed or allowed in respect of the asset - Once, this is a fact that the moment assessee stopped claiming depreciation in respect of property and let out the same for rent, it ceases to be a business asset and thus, the profit or gain arising out of sale of property is to be considered as long term capital gain after indexation - AT

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Computation of capital gains under section 50 - no depreciation ...

Case Laws Income Tax

April 27, 2021

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