3. WHAT DO YOU UNDERSTAND BY THE TERM”CAPITAL GAINS”
USED IN THE INCOME TAX ACT? WHAT ARE THE RULES REGARDING
EXEMPTION OF CAPITAL GAINS.
- 4 Answers
- 11390 Views
- CitiGroup, I also Faced
- E-Mail Answers
Answer Posted / ameet
A capital gain is a profit that results from investments
into a capital asset, such as stock, bonds or real estate,
which exceeds the purchase price. It is the difference
between a higher selling price and a lower purchase price
resulting in a financial gain for a seller.
As per AY 2008-09 Dividends that are distributed attract a
tax of 15 per cent. Short term capital gains attract a tax
of 10 per cent under Section 111A. There is merit in
equating the rates and hence increased the rate of tax on
short term capital gains under Section 111A and Section
115AD to 15 per cent. This encourages investors to stay
invested for a longer term.
| Is This Answer Correct ? | 14 Yes | 3 No |
Post New Answer View All Answers
What Is This Exercise Really Testing?
What Are The Different Ways You Can Operate Your Accounts?
I completed MBA finance in the year 2000-2002 fromAndhrauniversity. Now i want to do Mphil and phd . I secured 58% what is the Procedure.please suggest me
Name the fund management scheme introduced by rbi which helps the banks in their fund management?
What does 'R' in BRIC stand for?
What is capital gearing ratio?
What is composite cost of capital?
Who are our major competitors and what differences do you notice in our Banking products?
Why is kyc important?
what is the role of Actuarial Analyst in the insurance company?
Brief us all about what you know about Hughes Systique.
Explain various Types of Merging?
what is the difference b/w acquisation by subsidy & acquisation by a company?
How is the RBI Lender of last resort?
How will you define CRR and SLR?
