Answer / viss_in

Any profit on sale of a capital asset is Capital Gains. e.g
Profit (gains) on sale of a house.

Under Income tax act - these gains are classified as Short
term or Long term - depending on the period of the asset
for which the asset is held. Diff rates of tax apply for
short and long term gains.

WHAT IS THE DIFFERED ASSET , WHAT IS THE PROVISION OF IT GIVT ME THE EXAMPLE WITH ENTERY ON MY E.MAIL sonidilip87@yahoo.com

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