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Capital Gain on depreciable asset

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 August 2010 I have sold shop premises only asset in that block.I claimed depreciation on the same since 2006.Now capital gain arises on sale of this asset.Only because of depreciation claimed on it, it will be considered as short term asset?, tell me some way to take long term cap gain in this case.

11 August 2010 It will be short term capital gains my dear.



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