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Answer Posted / 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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