Question ID :
39360
Asset partly shown as depreciable and partly as long term, whether capital gain would be short term
A Building is being sold which was used by the Seller for running a hospital and had taken depreciation in ITR from 1988 to 1996. After 1996 it was locked as they shifted to another place. From 2011 the sellar has given the building on rent to another individual.
Now he is selling this building, whether capital gain would short term or long term?
posted by
Hunny Badlani
on
Aug 21 2019 12:00AM