Capital Gains Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Capital Gains, written in plain English, along with examples of how it is used.
What is Capital Gains?
(n) Capital Gains is the increase in the value of a property, or assets due to the effect of passage of time, inflation, increase in demand etc which accrues to the owner of the property or assets when they sell or dispose it finally. Capital gains are subjected to the deductions and exemptions before arriving the taxable income.