Profit on sale of depreciable capital assest ltcg/stcg
This query is : Resolved
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.
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.
10 July 2014
short term capital gain
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