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capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 August 2010 I GOT TO KNW FROM 1 OF MY FREND ,
DR.CA GIRISH AHUJA, HIMSELF SAID DEPRICIABLE ASSETS CAN ALSO HAVE LTCG ON BEING SOLD. PLS CLEAR THIS WITH AN ILLUSTRATION.
THANKS LOOKING FORWARD FOR YOUR VALUABLE REPLY
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CA. Pradeep Nayak

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CA. Pradeep Nayak (Expert)
10 August 2010 There cannot be LTCG on depreciable assets.

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