TMI BlogLTCG - Just by mentioning in block of asset that too with Zero depreciation rate should not change...LTCG - Just by mentioning in block of asset that too with Zero depreciation rate should not change nature of the asset. Ultimately the facts remain that no benefit of Depreciation is claimed and the asset is held for more than 3 years then the same should be treated as Long term capital and the gain on sale of such asset should be treated as Long term capital gains. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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