1. Practical Income Tax
  2. Important Points of Different Incomes
  3. Income from Capital Gains (CG)
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What is Income from Capital Gains

Last updated at Dec. 16, 2024 by Teachoo

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

  1. Practical Income Tax
  2. Important Points of Different Incomes

    3. Income from Capital Gains (CG)

    Income From House Property (IHP) →
Income From House Property (IHP) →
Practical Income Tax
Important Points of Different Incomes

About the Author

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.