Depreciable asset is short-term asset, eligible for exemption : SC

By | October 4, 2016

Depreciable asset is short-term asset, eligible for exemption:

The Supreme Court of India held that even though a depreciable asset is treated as a short-term asset, it is eligible for an exemption under a special provision for computing capital gains of depreciable assets. T The case is:V.S. Dempo Company Ltd.

Download  Full report of KPMG Depreciable asset is short-term asset, eligible for exemption [PDF 289 KB]

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