• December 10, 2024December 10, 2024
• CA HARSH GARG
• Leave a Comment on What Are the Specific Rules Under Section 50 for Calculating Capital Gains on the Transfer of Depreciable Assets? complete Guide

What Are the Specific Rules Under Section 50 for Calculating Capital Gains on the Transfer of Depreciable Assets? complete Guide

The transfer of depreciable assets triggers specific tax implications under the Income Tax Act, 1961. Depreciable assets are those assets on which depreciation is claimed as a deduction under Section 32 of the Act. These typically include assets like