Please Help: ACCOUNTS
Posted Date : 04-Aug-2012 , 05:32:23 pm | Posted By: Avijit
Category :
Accounts | Answers :
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WHAT IS THE DIFFERENCE BETWEEN LONGTERM CAPITAL GAIN AND SHORT TERM CAPITAL GAIN? |
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Answers:
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 Answer by: Vikash Kumar Jha |
| A capital gain is simply the difference between the purchase and selling price of an asset. In other words, selling price - purchase price = capital gain (if the price of the asset you purchased has decreased, the result would be a capital loss)
For the purposes of determining tax rates these can be held for one of two time periods: the short term (one year or less) and the long term (more than one year)
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