https://www.taxtmi.com/article/detailed?id=1397 If a depreciable asset was held for more than thirty-six months before transfer it remains a long-term capital asset notwithstanding section 50's deeming of gains as short-term for computation; therefore reinvestment exemptions and the concessional long-term capital gains tax regime apply, and section 50/50A affect computation only without altering the asset's substantive long-term character. en-us Mon, 22 Aug 2011 21:57:01 +0530 Mon, 22 Aug 2011 21:57:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1397 If a depreciable asset was held for more than thirty-six months before transfer it remains a long-term capital asset notwithstanding section 50's deeming of gains as short-term for computation; therefore reinvestment exemptions and the concessional long-term capital gains tax regime apply, and section 50/50A affect computation only without altering the asset's substantive long-term character. Articles Income Tax Mon, 22 Aug 2011 21:57:01 +0530 https://www.taxtmi.com/article/detailed?id=1397