capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 August 2010
I GOT TO KNW FROM 1 OF MY FREND ,
DR.CA GIRISH AHUJA, HIMSELF SAID DEPRICIABLE ASSETS CAN ALSO HAVE LTCG ON BEING SOLD. PLS CLEAR THIS WITH AN ILLUSTRATION.
THANKS LOOKING FORWARD FOR YOUR VALUABLE REPLY
DR.CA GIRISH AHUJA, HIMSELF SAID DEPRICIABLE ASSETS CAN ALSO HAVE LTCG ON BEING SOLD. PLS CLEAR THIS WITH AN ILLUSTRATION.
THANKS LOOKING FORWARD FOR YOUR VALUABLE REPLY
10 August 2010
There cannot be LTCG on depreciable assets.
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