Taxation

What are capital assets?

In India, gains arising on transfer of capital assets are charged to tax under the head capital gains. The calculation of tax rate is based on the holding period of this asset by the … READ FULL STORY

Taxation

What is capital gains tax?

Capital gains tax is the government-determined tax that has to be paid on the profit from the sale of an asset. The responsibility to pay capital gains tax arises on sale of a property … READ FULL STORY