Menu
Capital Gain Exemption On Sale
Is exemption available on Capital Gain for commercial property sold by a company assessee on which depreciation is claimed under Income Tax act and in under which section ??
Replies (5)
I think there is no exemption on capital gains and it’s mandatory.
I also think you will be claiming last periods depreciation plus this years if you have a policy to claim in arrears. Because once you classify the asset is held for sale, depreciation ceases.
I think taxability may not arise.
if there are other assets in the block then capital gains might not arise.
capital gain would arise only when the block turns negative or when that asset which was sold was the last asset in the block
if there are other assets in the block then capital gains might not arise.
capital gain would arise only when the block turns negative or when that asset which was sold was the last asset in the block
No there is no such exemption, CG is mandatory
Capital Gain is changeable to tax, if on depreciable assets block is finished
Recent Threads
- TDS u/s194IB - Joint Ownership
- Free GST Reconciliation Tool in Google Sheets R
- NRI return after due date refund case
- TDS u/s 194J - training honorarium
- WHERE TO REGISTER UNDER PTRC AND PTEC ACTS ?
- Key Corporate Compliance Requirements for Private
- Gst Non Filling Return Notice
- GSTR 2B ( MULTIPLE MONTHS )
- Eway bill generation for export material.
- International Tax clarification UK.
Related Threads
CAclubindia
