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Short term capital gains.

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Querist : Anonymous

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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.
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CA VIKASH AGARWAL

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CA VIKASH AGARWAL (Expert)
25 September 2012 yes if capital expenditure was capitalized during the relevant year than it is allowed
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Querist : Anonymous

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