Query regarding Capital gain
This query is : Resolved
06 March 2023
Business Asset of ₹ 100000 , purchased 5 years ago .
Written down value of the same asset is ₹ 15000 now.
If we sell it today at ₹ 1000000 , then it will be short term capital gain or long term capital gain.
Please let me know.
Written down value of the same asset is ₹ 15000 now.
If we sell it today at ₹ 1000000 , then it will be short term capital gain or long term capital gain.
Please let me know.
06 March 2023
Whether the block of asset exists?
If no, it will be taxed under Short Term capital gains.
If no, it will be taxed under Short Term capital gains.
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