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what is capital gain
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Answer / lokesh
As per Indian Income Tax laws, a capital gain tax is a
voluntary tax payable on the sale of assets, investments,
capital accumulation, and productivity.
A Capital Gain can be defined as an any income generated by
selling a capital investment. A capital investment can be
anything from business stocks, paintings, and houses to
family businesses and farmhouses. The 'gain' here, refers
essentially to the difference between the price originally
paid for the investment and money received upon selling it.
A capital gain can be categorized under the following
heads, depending on how long the investment has been under
your possession:
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Answer / chandu
capital gain is an amount which is received from selling fixed assets more than its cost price.
capital gain = fixed asset selling price - fixed asset cost price
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / satyaki_raju@yahoo.com
Excess of income over the equisition of capital asset will
be called capital gain
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / mukesh sharma
by according to income tax act. when we gain profit to our capital it call capital gain.
| Is This Answer Correct ? | 0 Yes | 0 No |
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