Want to know more
Enter the details and we'll call you soon

Name :

Company Name :

City :

Mobile No. :

Email id :

  

Thank you for your details



Our Executive will reach you shortly.

Your Session Will Expire in   seconds.
If you do not wish to log-out, choose 'Let me continue'
Reset SessionCancel Session
 
Skip Navigation Links

Gain on sale of flat to be treated as STCG even if no dep. was claimed for a few years prior to its sale: SC

September 17, 2021[2021] 130 taxmann.com 238 (SC)/[2021] 436 ITR 1 (SC)

INCOME TAX : Where assessee had been allowed depreciation on a flat owned by it as a business asset, flat would continue to be part of business asset and depreciable asset even if its non-use disentitled assessee to depreciation for two years prior to date of its sale and, therefore, profit arising on sale of said flat would be assessed as a short-term capital gain under section 50

read more

Live Help
taxmann.com
Payment
Best view in 1140 x 768