Is Capital Gain Applicable on All Assets?
Last updated at Dec. 16, 2024 by Teachoo
Chapter 9 Income from Capital Gain
What is Income from Capital Gain
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Courses
Free Income Tax Certification Course
- Chapter 1 Introduction
- Chapter 2 Different Heads of Income
- Chapter 3 Different ITR Forms & Due Dates
- Chapter 4 Income Tax Rates
- Chapter 5 Income from Salary & Deductions
- Chapter 6 Business Income-Proprietorship
- Chapter 7 Business Income-Patnership
- Chapter 8 Income from House Property
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Chapter 9 Income from Capital Gain
- Chapter 10 Employee on Contract
Transcript
Is Capital G ain A pplicable on all Assets? What is a Capital Assets Sale of Business Assets Sale of Personal Assets like Land and Building No, It is Applicable to Only Capital Assets Furniture Jewellery ( Value of All these increase) What is not a Capital Assets Sale of Business Stock Sale of Other Personal Assets like Car TV Mobile ( Value of All these Decrease) teachoo.com Car Sold by Personal Business Sold by Car showroom Sold by Some Other Business Not a Capital Asset (Depreciable) Not a Capital Asset (Stock) Capital Asset teachoo.com Jwellery Sold by Sold by Houswife Sold by Jeweller Capital Asset (Appreciable Asset) Taxable as PGBP income Not a Capital A sset (Stock) Taxable as Capital G ains income Shares Daily Sales P urchase Investment Stock Taxable as PGBP income Capital Asset Taxable as Capital G ains income
