commerical property purchased for business

Assessee shall file return on presumptive basis u/s 44AD. Whether assessee should not charge depreciation on it and not take benefit of interest on the loan take for the property though used for business. As assessee shall not be reinvesting the gains in another property in the future. What's advisable from tax angle.? Whether long term capital gains will hold well during assessment ?Will.it be beneficial over short term gains in the future. property cost 1 crore. purchased in April 2019
Replies (1)
THE ASSESSE CAN TAKE BENEFIT OF LOAN AND SHOULD CLAIM DEPRECIATION BENEFIT.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details