Capital gain on depreciation assets is always:

Related MCQs

• Under which section, a firm is eligible for exemption in respect of long term capital gain arising from the sale of a residential house:
• For being long term capital gain, the asset should be retained by the assessee for a period of:
• For being a long term capital gain, the assessee should retain the shares for a period of:
• Capital gain arises from:
• For the purpose of income tax, depreciation is charged on:
• Depreciation is not allowed on:
• Unabsorbed depreciation can be carried forward for set-off up to:
• The rate of depreciation applicable to intangible asset is:
• The rate of depreciation applicable to furniture is:
• The allowable depreciation on motor car is: