Costing and Taxation · Ch 2 — Income from Capital Gains
Terms Introduced in the Chapter
Terms Introduced in the Chapter
This section collects, in one place, every term introduced in this chapter, for quick refere …
Profit or gain arising from the transfer of a capital asset, effected in a previous year, chargeable to tax as income o …
Property of any kind held by an assessee, subject to specific exclusions — stock-in-trade, most personal effects (excluding jewellery/art), rural agricultural land, and speci …
A capital asset held for not more than 12 months (listed securities/equity-oriented MF units) or 24 months (all other as …
A capital asset held beyond its applicable 12-month/24-month specified period — i.e., any capital asset tha …
Includes sale, exchange, relinquishment, extinguishment of rights, compulsory acquisition, conversion into stock-in-trade, maturity/redemption of a zero-coupon bond, and specified possession-bas …
The price paid, or value at which the asset was originall …
Capital expenditure on an addition/alteration to the asset after acquisition; excludes o …
The sale price or other consideration received/accruing on th …