Depreciation is not deterrent for claiming long term Capital gains : Tribunal

By Vimal Punmiya, Chartered Accountant   OPINION Querist………………………………………. M/s. PRASHANT CORPORATION The Querist is a Partnership firm, Registered in Mumbai, The firm is involved in business of diamonds and garments and other business, Since last several years. The Querist had their office premises in Prasad Chambers. The Firm was claiming depreciation on the said office

Even if you claim depreciation office premises, still you are entitled for long term capital gains – Tribunal

By Accommodation Times News Services By Vimal Punmiya, Chartered Accountant   OPINION Querist………………………………………. M/s. PRASHANT CORPORATION The Querist is a Partnership firm, Registered in Mumbai, The firm is involved in business of diamonds and garments and other business, Since last several years. The Querist had their office premises in Prasad Chambers. The Firm was claiming depreciation