What Is Long-term Capital Gain And Short-term Capital Gain?

1.	What Is Long-term Capital Gain And Short-term Capital Gain?
Answer» 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. 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.

Answer»

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.

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.

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