Income from Capital Gains (CG)
On What Assets Capital Gain Charged
Type of Capital Assets Amendment
Types of Capital Gains
How to Compute Short Term Capital Gain
How to Compute Long Term Capital Gains Amendment
Capital gain on Depreciable assets used in Business
Section 10(38) Exemption on LTCG on Sale of Shares Amendment
Section 54 Exemption for Residential House
Income from Capital Gains (CG)
Last updated at April 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
