discuss the capital gains which are exempted from income tax
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Capital Gain Exemption. Under the Income Tax Act, 1961, the interest earned by an individual through an asset whose net worth has increased over a period of time is eligible for capital gain exemption after factoring the indexed cost of acquisition and inflation.
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Under the Income Tax Act, 1961, the interest earned by an individual through an asset whose net worth has increased over a period of time is eligible for capital gain exemption after factoring the indexed cost of acquisition and inflation.
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