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capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 August 2010 it is said that depriciable assets always attract short term capital gain.

is the above contention correct?

i want to know in what circumstances depriciable asset will attract LTCG?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
09 August 2010 As per Section 50(1) gain / loss on sale of any depreciable asset will be STC Gain / loss.
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CMA Arif Farooqui

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CMA Arif Farooqui (Expert)
01 September 2010 yes, it is correct.
depreciable assets never attract LTCG
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