Understanding Capital Gains: Section 50's Role in Depreciable Building Sales and Impact on Exemptions Like Section 54E. https://www.taxtmi.com/highlights?id=56177 Capital gain on sale of buildings - depreciable assets - LTCG or STCG - fiction created in sub-section (1) & (2) of Section 50 has limited application only in the context of mode of computation of capital gains contained in Sections 48 and 49 and would have nothing to do with the exemption that is provided in a totally different provision i.e. Section 54E - AT en-us Mon, 04 Jan 2021 11:10:56 +0530 Mon, 04 Jan 2021 11:10:56 +0530 TaxTMI RSS Generator Understanding Capital Gains: Section 50's Role in Depreciable Building Sales and Impact on Exemptions Like Section 54E. https://www.taxtmi.com/highlights?id=56177 Capital gain on sale of buildings - depreciable assets - LTCG or STCG - fiction created in sub-section (1) & (2) of Section 50 has limited application only in the context of mode of computation of capital gains contained in Sections 48 and 49 and would have nothing to do with the exemption that is provided in a totally different provision i.e. Section 54E - AT Highlights Income Tax Mon, 04 Jan 2021 11:10:56 +0530 https://www.taxtmi.com/highlights?id=56177