Pgbp
This query is : Resolved
02 October 2014
Sir what is the tax.rate for dep.assets if held 4 more den 3yr or also for less than 3 yr.and under which head it will be taxable
plz its urgent
plz its urgent
02 October 2014
they are taxable under short term capital gains (refer section 50) irrespective of holding period
02 October 2014
for further understanding, refer this article http://taxguru.in/income-tax/provisions-relating-capital-gains-case-depreciable-assets.html
06 October 2014
yes sec 50 is applicable in this case............
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