Interested to Buy Any Domain ? << Click Here >> for more details...
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
- 12632 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 are the advantages of equity financing over debt financing?
What Are The Types Of Visualizations?
What is a cash flow statement? How is it different from a funds flow statement?
What are the qualities of a good banker?
Why Are You Not Working Anywhere From Past 6 Months ?
On What Basis Securities Should Be Selected?
How many number of SBI branches are there in West Bengal ?
What is capital gearing ratio?
hi viewers my name is prapul i would like to know how to prepare for an interview i had done my mba finance
How is the RBI Lender of last resort?
What Does It Cost To File For Bankruptcy?
Explain deposit rate.
Describe the advantages and disadvantages of international trade?
What is the cad?
Explain the process to compute it?
