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Tag: Long term capital gain tax

Capital Gains Tax: Definition, Assets Types, Calculation and Rates.

Posted on January 6, 2025January 9, 2025 By TaxDevi No Comments on Capital Gains Tax: Definition, Assets Types, Calculation and Rates.
Capital Gains Tax: Definition, Assets Types, Calculation and Rates.

What are capital gains? As per the provisions of Section 45 of Income Tax Act 1961 any profits or gains arising from transfer of a capital asset will be chargeable to income tax under ‘Capital Gains’. Such capital gain will be deemed to be the income of the year in which the transfer took place….

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