#financetalk #taxplanning #capitalgains
What is CAPITAL GAIN | What is Capital Gain Tax?
Day One of 100 days of 100 Finance and investing tips :- The amount by which the selling price of an asset is more than its initial purchase price. And these assets include investments like house, land, stocks, mutual funds etc. And the profit on these capital assets is considered as ''income'', and hence, you have to pay tax on that particular amount in the same year in which you sold it. And the profit from the sale of the same Capital Asset is called Capital Gain. For such finance and investing tips, do follow and subscribe to us.
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