Capital gains tax: Tax on long-term capital

Tax on long-term capital gains . 112. (1) Where the total income of an assessee includes any income, arising from the transfer of a long-term capital asset, which is chargeable under the head " Capital gains ", the tax payable by the assessee on the total income shall be the aggregate of,— Understand capital gains tax on assets like property and stocks. Learn the difference between short-term and long-term gains , how to calculate them, and available tax exemptions. Get a comprehensive overview of capital gains tax , including the types of gains , applicable tax rates and how to benefit from tax exemptions and deductions. A capital gain refers to the increase in a capital asset's value over its original purchase price and is considered to be realized when the asset is sold.