- CA HARSH GARG
- Leave a Comment on What is the complete meaning of “capital asset” under Section 2(14), and which assets are excluded from this definition?
What is the complete meaning of “capital asset” under Section 2(14), and which assets are excluded from this definition?
A capital asset is a crucial term in the context of taxation, especially when it comes to the computation of capital gains under the Income Tax Act, 1961. Understanding what qualifies as a capital asset and what does not