The amount by which an asset's selling price exceeds its initial purc

3. WHAT DO YOU UNDERSTAND BY THE TERM”CAPITAL GAINS”
USED IN THE INCOME TAX ACT? WHAT ARE THE RULES REGARDING
EXEMPTION OF CAPITAL GAINS.

Question Posted / nara

Answer Posted / nara

The amount by which an asset's selling price exceeds its
initial purchase price.

Is This Answer Correct ?

1 Yes

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