Income from Capital Gains

Any profit or gain which is earned by transferring the capital assets which was held for investment will be taxable under the head of ‘Income from Capital Gain’. The gain can be earned from any of the Short Term Capital Asset and Long Term Capital Asset. When Capital Asset is transferred then only you can earn Capital Gain.

source https://www.caclubindia.com/articles/income-from-capital-gains-46074.asp

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