CAPITAL GAIN

swohra (none) (537 Points)

08 September 2009  

Dear all...

Please reply my queries:

1. If an asset is sold before put to use in business than wheter it will be treated as short term capital loss or gain although depreciation was not charged.

2. In addition to the above if In a block there are 3 assets. 2 sold and last one was not put to used than what about depreciation and capital gain or loss.

Thanks in advance....