Gain arising on transfer of long-term capital asset is termed as long-term capital gain and gain arising on transfer of short-term capital asset is termed as short-term capital gain. However, there are a few exceptions to this rule, like gain on depreciable asset is always taxed as short-term capital gain.
Thursday, February 22, 2018
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What is long-term capital gain and short-term capital gain?
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Why capital gains are classified as short-term and long-term?
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