CWA NOTIFICATION

Rahul Bansal (Finalist) (35929 Points)

16 March 2010

COPY AND PASTE LINK IN URL:

https://www.icwai.org/icwai/docs/N_O_T_I_F_I_C_A_T_I_O_N.pdf

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SAGAR CHORDIYA (Articlle Assistant) (24 Points)
Replied 16 September 2013

I have a Shop which was used for business purpose and claimed depreciation on same.

Later I have rented it and stopped claiming depreciation.

Now this period of non claiming depreciation is more than 3 years.

So will my gain be short term or long term

And will I get Indexation benefit on sale of asset.

My view: Once Dep. claimed asset is always chargeable under STCG whether dep not claimed in any further one or more year.

Please let me know asap

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