We are pvt ltd company. We have purchased in company name industrial unit in July 2010.
we were claiming depreciation same since 2010.
pnow if we sell this property after 3 years how capital gain tax will be calculated ?
Index value 2013 - index value of 2010. On difference we have to pay 20% ?
In company books of account we have taken the depreciation of 10% on purchase value.
Company pay profit in tax bracket of 30%.
Request is you can help guide how to calculate CGT in above cacase thanks
Thanks
