InvestorQ : What is the link between nature of capital assets and nature of capital gains?
swati Bakhda made post

What is the link between nature of capital assets and nature of capital gains?

Answer
image
Dia Deshpande answered.
1 year ago
Follow
It is actually quite simple. Capital gains arising on sale of short-term capital asset are termed as short-term capital gain and capital gain arising on transfer of long-term capital asset is termed as long-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.
0 Views