While computing income under the head income from capital gains, the most important thing to understand is the definition of a capital asset. However, let us discuss certain assets which are not considered capital assets.
source https://www.caclubindia.com/articles/what-is-not-included-in-definition-of-capital-asset-45786.asp
source https://www.caclubindia.com/articles/what-is-not-included-in-definition-of-capital-asset-45786.asp
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