Check sibling questions


As per Section 45

Any Profit or Gain

on transfer 

 of  Capital asset

is Taxable under Income from capital gains.

in year of Transfer


When exempt under Section 54/54B/54D etc.


 Important Points

  • Capital Gain is applicable on Certain Assets only called Capital Asset (and not all assets)
  • Capital Gain is applicable on TRANSFER (Transfer not only includes Sale of Asset but also some other things which we will discuss later)
  • It is taxable in year Asset Transferred (Sold) and not purchased
  • Profit includes loss Also,so there can be loss on Sale of Captal Assets
  • Exemption of Capital Gain are mentioned in Section 54/54B/54D etc


This video is only available for Teachoo black users


Transfer+Capital Assets+ Not Exempt =Income/Loss from Capital Gain 



Lets study these points in detail one by one

Learn in your speed, with individual attention - Teachoo Maths 1-on-1 Class

Ask a doubt
CA Maninder Singh's photo - Co-founder, Teachoo

Made by

CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 13 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.