https://www.taxtmi.com/highlights?id=57745 Computation of capital gains under section 50 - no depreciation had been claimed or allowed in respect of the asset - Once, this is a fact that the moment assessee stopped claiming depreciation in respect of property and let out the same for rent, it ceases to be a business asset and thus, the profit or gain arising out of sale of property is to be considered as long term capital gain after indexation - AT en-us Tue, 27 Apr 2021 21:07:48 +0530 Tue, 27 Apr 2021 21:07:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57745 Computation of capital gains under section 50 - no depreciation had been claimed or allowed in respect of the asset - Once, this is a fact that the moment assessee stopped claiming depreciation in respect of property and let out the same for rent, it ceases to be a business asset and thus, the profit or gain arising out of sale of property is to be considered as long term capital gain after indexation - AT Highlights Income Tax Tue, 27 Apr 2021 21:07:48 +0530 https://www.taxtmi.com/highlights?id=57745