Long term capital gain
This query is : Resolved
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.
after ceased to block of the assets, always either of short term capital gain / loss to be come.
13 September 2011
@ Navin
question is that how to calculate capital gain?
as i think capital gain will be calculate on written down value.
Abhishek Ranjan Singh
ARS Solution
email2ars@gmail.com
+91 9022838615
question is that how to calculate capital gain?
as i think capital gain will be calculate on written down value.
Abhishek Ranjan Singh
ARS Solution
email2ars@gmail.com
+91 9022838615
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
