https://www.taxtmi.com/forum/issue?id=1575 Sale of a depreciable hotel building must be computed under the rule for short term capital gains on depreciable assets, using the block of assets written down value and depreciation actually allowed; depreciation improperly claimed on land should be excluded. Stamp duty based valuation provisions do not override the specific depreciable asset computation, so the actual sale value of the building and correct WDV govern the gain on the building, with land considered separately. en-us Fri, 30 Oct 2009 11:07:20 +0530 Thu, 23 Jan 2025 15:58:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1575 Sale of a depreciable hotel building must be computed under the rule for short term capital gains on depreciable assets, using the block of assets written down value and depreciation actually allowed; depreciation improperly claimed on land should be excluded. Stamp duty based valuation provisions do not override the specific depreciable asset computation, so the actual sale value of the building and correct WDV govern the gain on the building, with land considered separately. Discussion-Forum Income Tax Fri, 30 Oct 2009 11:07:20 +0530 https://www.taxtmi.com/forum/issue?id=1575