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Explain What Is Capital Gain? |
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Answer» Capital GAIN: when any capital asset is sold and it is sold at a higher PRICE than its BOOK value then that EXTRA gain is called capital gain. The word profit generally means revenue profits. While capital gain is generally received infrequently. Capital gain: when any capital asset is sold and it is sold at a higher price than its book value then that extra gain is called capital gain. The word profit generally means revenue profits. While capital gain is generally received infrequently. |
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