Accountancy, asked by swainrajkishore9, 7 months ago

profit on transfer for long-term capital asset is called​

Answers

Answered by Anonymous
2

Answer:

The profit resulting from sale or transfer of a capital asset is called capital gain. There is no gain if the asset is inherited. Capital asset. Any property, movable or immovable, that is held by a person is termed as asset.

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Answered by aaliyanaazwarsia07
2

Answer:

CAPITAL GAIN

Explanation:

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