Section 50: Capital Gain on sale of depreciable asset

Khush Trivedi , Last updated: 20 May 2024  
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Introduction As we are all aware, the sale of any capital asset results in capital gain and is taxable under the Capital Gains of Income Tax Act of 1961. But have you heard that the sale of depreciable assets also results in capital gains in some circumstances? Lets understand what it is! Sect

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Khush Trivedi
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Category Income Tax   Report

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