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Capital Gain
To calculate the current value of long-term capital assets, the indexation benefits are applied to “Cost of acquisition” i.e purchase price of the capital assets, then it becomes “Indexed cost of acquisition”.
To calculate the current value of long-term capital assets, the indexation benefits are applied to “Cost of acquisition” i.e purchase price of the capital assets, then it becomes “Indexed cost of acquisition”.
In General, Land, building, house property, vehicles, patents, trademarks, leasehold rights, machinery, and jewelry are some of the examples of capital assets
Capital Gain Tax Rate is a rate at which tax on capital gain income is calculated.
At the time of calculation of Long Term Capital Gain, the income tax law considers market instability and inflation of the cost of assets and investment.