13 September 2011
My client purchase office Premises in 2003 & used for business. We claim depreciation up to 31.03.2009. The Business was closed sine 29.02.2009.Now he had sold property on 18.10.2010. How to compute Capital Gain on the same ?
13 September 2011
as per income tax act. if assets is used for business and thereon depreciation is claimed, after ceased to block of the assets, always either of short term capital gain / loss to be come.
CAclubindia
