11 January 2021
Capital gain arises on transfer or sale of capital asset
SEC 2(14) defines capital asset as property of any kind which is moveable tangible or intangible held by an assesse including property of his business or profession any securities held by a foreign institutional investor in accordance with sebi regulations but excludes certain specified assets.
Now here the querist wants to know capital gain on transfer of land.
Capital Gain arises on transfer of capital asset.
please mention dates.
its essential to be more accurate.