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Profit on sale of depreciable capital assest ltcg/stcg

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(Querist)
10 July 2014 Hi friends
good morning

In a construction company one depreciate asset sold for Rs. 10,00,000, WDV value is Rs.40,529. profit on sale of asset Rs.9,59,471 is it comes under long term capital gain or short term capital gain.

that asset was held more than 36 months .

under which tax attract.
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Deepti Asawa

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Deepti Asawa (Expert)
10 July 2014 short term capital gain

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