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Which of the following is considered as a capital gain?

Practice Questions

Q1
Which of the following is considered as a capital gain?
  1. Sale of stocks
  2. Salary received
  3. Interest on fixed deposits
  4. Rental income

Questions & Step-by-Step Solutions

Which of the following is considered as a capital gain?
  • Step 1: Understand what a capital gain is. A capital gain is the profit you make when you sell an asset for more than you paid for it.
  • Step 2: Identify the asset in question. In this case, we are looking at stocks.
  • Step 3: Consider the sale of stocks. If you buy stocks for a certain price and then sell them for a higher price, the difference is your capital gain.
  • Step 4: Conclude that the sale of stocks is indeed a capital gain because you are making a profit from the sale.
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