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When will capital gain araises?
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Answer / p. navaneetha krishnan
Capital Gain arises only on the following case.
When the book value of a WDV asset (Land, Builiding /
Shares) is Rs.1,00,000/- and the same is sold for
Rs.5,00,000/- the difference between the sales value - book
value is capital gain.
If the above said assets sold after 3 years it is Long term
Capital Gain / or else it is Short term capital gain.
All Depreciatable assets are falls only on Short Term
Capital Gain." Special Case" - As Per Law.
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Answer / maka narendrakumar
When an asset sold for higher rate than the book value capital gain arises.
Capital gain= Sale value-book value
Capital gains are two types--> Long term capital gains(LTCG) and Short term capital gains (STCG)
LTCG arises when the asset sold after 3 years from the purchase date, Before 3 years STCG. Capital gains arises from all the depreciable assets are STCG
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Answer / rrlgrp
capital gain arises when the fixed asset sold more than its
market value.
| Is This Answer Correct ? | 2 Yes | 4 No |
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