UGC NET
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Nachiket Gharat Asked a Question
May 13, 2020 10:11 ampts 30 pts
  • UGC NET
  • Commerce

Where the entire block of the depreciable asset is transferred after 36 months, there will be (a) (c) 78. short-term capital gain short-term capital gain or los

Where the entire block of the depreciable asset is transferred after 36 months, there will be (A) (C) 78. Short-term capital gain Short-term capital gain or loss (B) (D) Long-term capital gain Long-term capital gain or loss
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  • Tripti sharma thankyou
    It will be short term capital gain or loss. This is according to section 50 of the Income tax act 1961. When an assessee sells all the capital assets forming part of a block which...
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