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what is capital gain
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Answer / lokesh
As per Indian Income Tax laws, a capital gain tax is a
voluntary tax payable on the sale of assets, investments,
capital accumulation, and productivity.
A Capital Gain can be defined as an any income generated by
selling a capital investment. A capital investment can be
anything from business stocks, paintings, and houses to
family businesses and farmhouses. The 'gain' here, refers
essentially to the difference between the price originally
paid for the investment and money received upon selling it.
A capital gain can be categorized under the following
heads, depending on how long the investment has been under
your possession:
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Answer / chandu
capital gain is an amount which is received from selling fixed assets more than its cost price.
capital gain = fixed asset selling price - fixed asset cost price
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / satyaki_raju@yahoo.com
Excess of income over the equisition of capital asset will
be called capital gain
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Answer / mukesh sharma
by according to income tax act. when we gain profit to our capital it call capital gain.
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Mac Purchased on 15th Jan 12000/- 30th June Machinery damaged due to Fire Accident 31st Dec received the Insurance Premium 13000/-. Pass the Journal Entry for all the above three
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hi this is sharath,from hassan ,karnataka.,., i am caled for t interv on 28th may 2009, 12 noon, at foll location.,. STATE BANK OF MYSORE STAFF TRAINING CENTRE 104/105 7TH MAIN ROAD JAYALAKSHMIPURAM MYSORE-570012. anybody who is also attendin the same interview please reply me .,.,. i am in my final yr BE EnC,MCE hassan, i wold like to know more about the interview .,., please do reply.,.,. yours friendly, sharath kumar, sharath.syss@gmail.com
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how to give the jv for the following transation eg',Our Comapny Name U2 1.cheque recd from customers of Associate Comapany (U1 Ltd):575 on U2(Our company Name).we deposited that cheque in our bank a/c. 2.U1 debited U2 for 575/- passing 1 jv like Due from U2(Our comapnY) dr 575 To collection from Customers cr 575. now how can I recognise both entries and how can i reconsile my BRS... This Receipt is not belongs to U2
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