Short term capital gains.


Avatar

Querist : Anonymous

Profile Image
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.

25 September 2012 yes if capital expenditure was capitalized during the relevant year than it is allowed

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
25 September 2012 Thanks Vikash Bhai...




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries