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Archive: 30 January 2013

Posts in 30 January 2013

Exemption U/s. 54EC on sale of depreciable assets held for more than 36 months

January 30, 2013 3786 Views 0 comment Print

In case of transfer of capital asset forming part of block of assets in respect of which depreciation has been allowed, mode of computation and cost of acquisition shall be as per modifications provided in section 50. Thus, special provision made for computation of capital assets in respect of which depreciation has been allowed, is confined for the purpose of section 50 in relation to sections 48 and 49 only.

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