Question

You have capital gains as​

Answer 1

Answer:

You have capital gains as the increase in the value of a capital asset over some time. It is realised only once the capital asset is sold. If you hold an equity-oriented fund for a year or more and then sell it, your capital gains are called long-term capital gains.

Answer 2

Answer:

Capital gain is denoted as the net profit that an investor makes after selling a capital asset exceeding the price of purchase. The entire value earned from selling a capital asset is considered as taxable income. ... Buildings, lands, houses, vehicles, Mutual Funds, and jewelry are a few examples of capital assets

Explanation:

Capital gains are profits made from the sale of real estate, investments and personal property. ... Short-term capital gains refer to profits made from selling assets owned for one year or less, while profits earned on assets owned for more than one year are considered long-term capital gains