Accountancy, asked by krishasai6532, 1 year ago

What do mean by capital assate and what is not included in capital assate?

Answers

Answered by SufiyanKadri

A capital asset is defined to includeproperty of any kind held by an assessee, whether connected with their business or profession or notconnected with their business or profession. It includes all kinds of property, movable or immovable, tangible or intangible, fixed or circulating.

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