https://www.taxtmi.com/forum/issue?id=3307 Bifurcation into land and building is required where depreciation was claimed: the building portion's gain is to be computed as short term capital gain under section 50, and the land portion's gain as long term capital gain by the statutory method. Investment of long term capital gain in specified bonds can trigger deduction under section 54EC, and that deduction approach may extend to the short term gain on the building portion if the holding period condition is met, with the matter referred to the assessing officer. en-us Tue, 23 Aug 2011 13:23:15 +0530 Thu, 23 Jan 2025 15:58:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3307 Bifurcation into land and building is required where depreciation was claimed: the building portion's gain is to be computed as short term capital gain under section 50, and the land portion's gain as long term capital gain by the statutory method. Investment of long term capital gain in specified bonds can trigger deduction under section 54EC, and that deduction approach may extend to the short term gain on the building portion if the holding period condition is met, with the matter referred to the assessing officer. Discussion-Forum Income Tax Tue, 23 Aug 2011 13:23:15 +0530 https://www.taxtmi.com/forum/issue?id=3307