Taxation Exam > Taxation Videos > Income Tax for assessment (Inter Level) > Computation of Capital Gain
Computation of Capital Gain Video Lecture | Income Tax for assessment (Inter Level) - Taxation
|
405 videos|72 docs
|
FAQs on Computation of Capital Gain Video Lecture - Income Tax for assessment (Inter Level) - Taxation
| 1. What is capital gain taxation? |  |
Ans. Capital gain taxation is a form of tax imposed on the profit earned from the sale of a capital asset. It is the difference between the purchase price and the selling price of the asset. This tax is applied to various types of assets such as stocks, real estate, mutual funds, and other investments.
| 2. How is capital gain tax calculated? | |
Ans. Capital gain tax is calculated by subtracting the cost basis (purchase price) of the asset from the selling price. The resulting amount is the capital gain. The tax rate applied to the capital gain depends on the holding period of the asset and the taxpayer's income tax bracket.
| 3. Are there any exemptions or deductions available for capital gain taxation? | |
Ans. Yes, there are certain exemptions and deductions available for capital gain taxation. For example, in some countries, if the asset is held for a certain period of time, such as one year or more, it may qualify for a lower tax rate or even a tax exemption. Additionally, certain expenses related to the sale of the asset, such as brokerage fees or commissions, can be deducted from the capital gain.
| 4. What is the difference between short-term and long-term capital gains? | |
Ans. Short-term capital gains apply to assets held for a relatively short period, usually one year or less. These gains are taxed at the taxpayer's ordinary income tax rate, which is typically higher than the tax rate for long-term capital gains. Long-term capital gains, on the other hand, apply to assets held for a longer period, usually more than one year. These gains are taxed at a lower tax rate, often referred to as the long-term capital gains tax rate.
| 5. Are there any strategies to minimize capital gain tax liability? | |
Ans. Yes, there are several strategies that can help minimize capital gain tax liability. One common strategy is to take advantage of tax-loss harvesting, where you sell investments that have experienced losses to offset the gains from other investments. Additionally, deferring the sale of assets to a later tax year or donating appreciated assets to charitable organizations can also help reduce capital gain tax liability. It is advisable to consult with a tax professional to explore these strategies further and ensure compliance with tax laws.
Related Exams
About this Video
|
Nov 16, 2024 Last updated |
Video Description: Computation of Capital Gain for Taxation 2024 is part of Income Tax for assessment (Inter Level) preparation.
The notes and questions for Computation of Capital Gain have been prepared according to the Taxation exam syllabus.
Information about Computation of Capital Gain covers all important topics for Taxation 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Computation of Capital Gain.
Introduction of Computation of Capital Gain in English is available as part of our Income Tax for assessment (Inter Level) for Taxation & Computation of Capital Gain in
Hindi for Income Tax for assessment (Inter Level) course. Download more important topics related with notes, lectures and mock test series for
Taxation Exam by signing up for free.
Description
Video Lecture & Questions for Computation of Capital Gain Video Lecture | Income Tax for assessment (Inter Level) - Taxation - Taxation full syllabus preparation | Free video for Taxation exam to prepare for Income Tax for assessment (Inter Level).
Information about Computation of Capital Gain
Here you can find the meaning of Computation of Capital Gain defined & explained in the simplest way possible.
Besides explaining types of Computation of Capital Gain theory, EduRev gives you an ample number of questions to practice Computation of Capital Gain tests,
examples and also practice Taxation tests.
|
405 videos|72 docs
|
|
Explore Courses for Taxation exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Semester Notes
,Extra Questions
,past year papers
,Computation of Capital Gain Video Lecture | Income Tax for assessment (Inter Level) - Taxation
,Exam
,video lectures
,shortcuts and tricks
,Computation of Capital Gain Video Lecture | Income Tax for assessment (Inter Level) - Taxation
,Viva Questions
,MCQs
,ppt
,Sample Paper
,study material
,Computation of Capital Gain Video Lecture | Income Tax for assessment (Inter Level) - Taxation
,Objective type Questions
,practice quizzes
,mock tests for examination
,Free
,Important questions
,Previous Year Questions with Solutions
,Summary
;
Study Computation of Capital Gain on the App
Students of Taxation can study Computation of Capital Gain alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Computation of Capital Gain,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Computation of Capital Gain is prepared as per the latest Taxation syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup