Tag Archives: Capital Gain

Capital Gain and Income Tax Provisions

By | September 17, 2015

 Income Tax Provisions for Capital Gain ​What incomes are charged to tax under the head “Capital Gains”? Any profit or gain arising from transfer of a capital asset during the year is charged to tax under the head “Capital Gains”.​ ​What is the meaning of capital asset? Capital asset is defined to include: a) Any kind… Read More »