Tuesday, April 14, 2015

[aaykarbhavan] SALE OF FACT SHED IN FIRM



Dear learned Members,

would like to know the tax liability in case, when a regd. firm sales its factory shed(no depreciation claimed)

would be capital gain income?
if yes would it be a short term or long term capital income or

liable to tax at normal rate?




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Posted by: moizjaorawala@yahoo.com


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