24 March 2021
A property was let out upto Mar 2020. In jan 2021 it was sold....capital gain to be calculated at which perspective as Depreciable Asset or Long term Capital Gain? As as per Companies act Dep for the period Apr 20 to Jan 21 will be levied in books...so this property to be considered as Depreiable Asset and capital gain to be calculated as Sec 50 or simply calculate Long Term Capitaal Gain?
CAclubindia
