What is Income from Capital Gains

Last updated at April 16, 2024 by

Example 1
Asset Purchased for 20 lacs
It is sold after 2 months for 30 lacs
Profit on Sale of Assets=30-20=10 lacs

Example 2
Asset Purchased for 20 lacs
It is sold after 2 months for 18 lacs
Loss on Sale of Asset=20-18=2 lacs

This Profit or loss on Sale of Asset is taxable under Capital Gains

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.