Short term Capital gains
Fluffy Chu (11 Points)
23 October 2019
How to save short term capital gains on depreciable asset? is there any section under which investment can be made?
3 Replies
CA Dhruva Kalamanji
(Chartered Accountant )
(1996 Points)
Replied 23 October 2019
No there is no section as such for depreciable asset
Kapadia Pravin
(17259 Points)
Replied 23 October 2019
STCG on depreciable asset arises on that asset block becoming Nil.
You can during the year purchase any asset falling in that block then there will be no deemed STCG .
You can during the year purchase any asset falling in that block then there will be no deemed STCG .
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