Easy Office
LCI Learning

Capital gain on sale of building.


11 October 2016 Hello everyone, My query is regarding Capital gain on sale of building after 36 mths. As per me, if building held as business asset then capital gain will be always short term (Sec50) and if building held as personal asset then long term. Whether my understanding is correct?

12 October 2016 Your understanding is correct provided depreciation is claimed on the building in business.

12 October 2016 Thank you so much sir.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query