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What is Capital tax gain?

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Hi there,

 

In a sentence a capital gain is the interest earn from profit. There are two capital gains: long term capital gain and short term capital gain. You can earn profit from any immovable and moveable asset. Land, jewellery, mutual funds, etc earned can be sold and profits can be gained out of them. The tax on these movable and immovable assets occurring due to profit is known as capital gain tax. To know more read:

 

What is capital gain tax in India?

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Samay Sen

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