when depreciable assets used by elecricity generating co n than asset it sold above the cost of asset whether there will be long term cap gain with indexation or short term????????????????
8 Replies
C.A SUVAJIT SAHU
(CA ( In Practice ))
(708 Points)
Replied 15 June 2012
hi shruti ..........
It would be a Short term capital gain u/s 50A.
Sale price - actual cost of asset= STCG
CA Mukesh Jain S
(Chartered Accountant in Practice)
(692 Points)
Replied 15 June 2012
Yes it is short term capital Gain
abhishek vats
(Mba)
(364 Points)
Replied 16 June 2012
short term capital gain, depriciable assets per indexation nahi lagta
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 16 June 2012
it will be short term capital gain
CA Vishal Agarwal
(Assistant Manager - Finance & Accounts)
(97 Points)
Replied 16 June 2012
It will be STCG without indexation.
Recent Topics
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- Where can I find a trusted provider to hire a skip
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
Related Threads
CAclubindia
