Ltcg

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commercial property purchased 10 years back . claimed depriciation for one year when property was purchased.No depriciation claimed since last 9 years. can I claim long term capital gain if I sell it now.
Replies (3)

No, you are left with option only as STCG.

 

Thanks for reply. Kindly let me know the section under which this will be treated stcg.

section 50.


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