When will capital gain araises?
- 3 Answers
- 4901 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / p. navaneetha krishnan
Capital Gain arises only on the following case.
When the book value of a WDV asset (Land, Builiding /
Shares) is Rs.1,00,000/- and the same is sold for
Rs.5,00,000/- the difference between the sales value - book
value is capital gain.
If the above said assets sold after 3 years it is Long term
Capital Gain / or else it is Short term capital gain.
All Depreciatable assets are falls only on Short Term
Capital Gain." Special Case" - As Per Law.
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / maka narendrakumar
When an asset sold for higher rate than the book value capital gain arises.
Capital gain= Sale value-book value
Capital gains are two types--> Long term capital gains(LTCG) and Short term capital gains (STCG)
LTCG arises when the asset sold after 3 years from the purchase date, Before 3 years STCG. Capital gains arises from all the depreciable assets are STCG
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / rrlgrp
capital gain arises when the fixed asset sold more than its
market value.
| Is This Answer Correct ? | 2 Yes | 4 No |
will the Company liable to pay Service tax if the turnover exceeds 10 lakh and in the business of purchase and sale of products?
Can we bill to party at Delhi and ship material to Hyderabad.My company is in gujarat.If Yes.Road permit issued by Hyderabad party on who's name and who will give C form.etc.
if i have a comany take contract from gvt. & i take contract from that company, & in his bill he show about all tax deduction ike IT, WCT etc, but material is purchase by that company not by us so here i want to know how WCT applicable? on total amount of contract or according to rule like material service & after adding all things??
Which book is best for fringe benefit tax ( FBT )
Whether Luxury Tax should be collected on Tariff or on discounted tariff.
What is the difference between income year, financial year and FBT year?
10 Answers Accenture, Capital IQ, College School Exams Tests, Genpact,
we have paid excess tds amount in 194I 27000/- for f.y.2017-18 now can we adjust the same in upcoming month 2018-19?
What is the last date for filing of returns for TDS, ESI, PF, Professional Tax, Income Tax, Service Tax and Income Tax?
21 Answers ABC, Balaji, Bony Polymers, Chetak Logistics, Classic Network, ESI, JCI, Meghmani, Nishant Mouldings, PK Power Systems, Power, SRCON, Unicorn DenMart,
if we are not able to issue F form and Goods transfer treat as deeded sale and want to paid taxes on that sale. but local tax rate is Zero. in above situation I can transfer of goods without F Form and Without paying any tax ?
what is the rule of TDS Deduction for Pvt Ltd Company ??? And What rule of not TDS Deduct for PVT LTD company ???
What is the rate of CST without any form on Poplpropelene yarn to be sold out of Uttarakhand
What is means by Central Excise ? How to calculate Central Excise ? Central Excise form No. is ?
Audit 
