Capital Gain

Tax Glossary Definition

Capital Gain

Capital Gain – Capital gain is the profit or gain arising from the sale or transfer of a capital asset, such as property, shares, or jewellery. It is the difference between the sale price and the purchase price (cost of acquisition), and it is taxable under the head “Capital Gains” in the Income Tax Act. Capital gains are classified as short-term or long-term depending on the holding period of the asset.

Example: If a person sells land purchased for ₹10 lakh at ₹20 lakh, the ₹10 lakh profit represents the capital gain.

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