plz answer the below question
Q. Sale of any capital asset forming part of a Block of assets, in respect of which depreciation has been
allowed-
a. Shall always give rise to long term capital gains, if the asset is actually used for business.
b. Shall always give rise to short term capital gains.
c. May give rise to either long term or short term capital gains, depending on the period for which such
capital assets were actually used for business.
d. May give rise to short term capital gains but never long term capital gains.
CAclubindia
