https://www.taxtmi.com/forum/issue?id=1581 Jewellery and silver utensils used in a renting business can qualify as plant for depreciation, meeting functional tests as durable assets subject to wear and tear; claiming depreciation brings them into the block of assets regime and modifies capital gains treatment on sale. Treating such items as stock in trade is an alternative that may offer more commercial flexibility. en-us Tue, 03 Nov 2009 21:02:36 +0530 Thu, 23 Jan 2025 15:58:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1581 Jewellery and silver utensils used in a renting business can qualify as plant for depreciation, meeting functional tests as durable assets subject to wear and tear; claiming depreciation brings them into the block of assets regime and modifies capital gains treatment on sale. Treating such items as stock in trade is an alternative that may offer more commercial flexibility. Discussion-Forum Income Tax Tue, 03 Nov 2009 21:02:36 +0530 https://www.taxtmi.com/forum/issue?id=1581