https://www.taxtmi.com/forum/issue?id=3296 Land, being non depreciable, is to be treated as Long Term Capital Gain and may avail long term tax benefits; the building, having attracted depreciation and reflected in written down value, is a depreciable component subject to Short Term Capital Gain treatment to the extent depreciation was claimed, in view of the operation of Section 50 from the stated statutory date and authority recognising bifurcation of consideration between land and building. en-us Sun, 21 Aug 2011 05:17:30 +0530 Thu, 23 Jan 2025 15:58:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3296 Land, being non depreciable, is to be treated as Long Term Capital Gain and may avail long term tax benefits; the building, having attracted depreciation and reflected in written down value, is a depreciable component subject to Short Term Capital Gain treatment to the extent depreciation was claimed, in view of the operation of Section 50 from the stated statutory date and authority recognising bifurcation of consideration between land and building. Discussion-Forum Income Tax Sun, 21 Aug 2011 05:17:30 +0530 https://www.taxtmi.com/forum/issue?id=3296