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Capital gain on sale of machinery

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(Querist)
25 February 2012 Suppose A Compnay sold his machinery from block of machinery & block exist after selling this machinery & profit arise. is income tax charged on this profit.under what captail gain or other pls explain with example.
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CA. Hari Kishan

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CA. Hari Kishan (Expert)
25 February 2012 Should the block seize to exist, it shall be treated as short term capital gain.
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shamkant

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shamkant (Querist)
25 February 2012 At what percentage if the block exist
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shamkant

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shamkant (Querist)
25 February 2012 At what percentage if the block exist
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
12 July 2023 "Sorry, I am not a featured member."

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