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Capital Gains Tax Interview Questions

Below we have listed all the Capital Gains Tax Interview Questions and answers. Feel free to comment on any Capital Gains Tax Interview Questions or answer by the comment feature available on the page.

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Capital Gain tax as name suggests it is tax on gain in capital. If you sale property, shares, bonds & precious material etc. and earn profit on it within predefined time frame you are supposed to pay capital gain tax. The capital gain is the difference between the money received from selling the asset and the price paid for it. Capital gain tax is categorized into short-term gains and long-term gains. The Long-term Capital Gains Tax is charged if the capital assets are kept for more than certain period 1 year in case of share and 3 years in case of property. Short-term Capital Gains Tax is applicable if these assets are held for less than the above-mentioned period. Rate at which this tax is applied varies based on investment class.

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​What incomes are charged to tax under the head "Capital Gains"?
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What is the difference between Long-term Capital Gain and Short-term Capital Gain?
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​Are there any bonds in which I can invest my capital gains to claim tax relief?
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​What is the meaning of the term "Short-term Capital Asset"?
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I have sold a house which had been purchased by me 5 years ago. Am I required to pay any tax on the profit earned by me on account of such sale?
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​What is the meaning of stamp duty value and what is its relevance while computing capital gain in case of transfer of capital asset, being land or building or both?​
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​Are there any bonds in which I can invest my capital gains to claim tax relief?
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​What are the provisions relating to computation of Capital Gain?
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​Why Capital Gains are classified as short-term and long-term?
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As per the Income-tax Law, gain arising on transfer of capital asset is charged to tax under the head "Capital gains". What constitutes "transfer" as per Income-tax Law?
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​What is the meaning of Capital Asset?
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What is the meaning of the term "long-term capital asset"
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What is long-term capital gain and short-term capital gain?
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​Is there any benefit available in respect of re-investment of capital gain in any other capital asset?
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At what rates capital gains are charged to tax?
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​What is the meaning of the term "Long-term Capital Asset"?
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​Are any Capital Gains Exempt under section 10?
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​What is the meaning of the term "short-term capital asset"?
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​As per the Income-tax Law, gain arising on transfer of capital asset is charged to tax under the head ?Capital gains?. What constitutes ?transfer? as per Income-tax Law?
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What incomes are charged to tax under the head "Capital Gains"?
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