Short term capital gains.
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 September 2012
Hello Everyone,
One of my client had purchased Shop for his business for Rs.9 lakhs. And then he had made some capital expenses for his shop. But due to some reason he sold his shop for Rs.12 lakhs. Then whether the capital expenditure will be allowed on the Short Term Capital Gains which he made.
Thanks In Advance.
One of my client had purchased Shop for his business for Rs.9 lakhs. And then he had made some capital expenses for his shop. But due to some reason he sold his shop for Rs.12 lakhs. Then whether the capital expenditure will be allowed on the Short Term Capital Gains which he made.
Thanks In Advance.
25 September 2012
yes if capital expenditure was capitalized during the relevant year than it is allowed
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 September 2012
Thanks Vikash Bhai...
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