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          Income Tax

          What is the meaning of capital asset?

          FAQs on Capital Gains

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          Capital asset definition clarifies inclusion of property and FII-held securities and lists specified exclusions and examples. The capital asset definition encompasses any property held by an assessee, including securities held by Foreign Institutional Investors acquired under applicable regulations, and excludes stock-in-trade, consumables and raw materials for business, personal effects (except specified art and jewellery), certain agricultural land subject to municipal and distance criteria, and specified government bonds and gold-related instruments.
                            Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                              Provisions expressly mentioned in the judgment/order text.

                                  Capital asset definition clarifies inclusion of property and FII-held securities and lists specified exclusions and examples.

                                  The capital asset definition encompasses any property held by an assessee, including securities held by Foreign Institutional Investors acquired under applicable regulations, and excludes stock-in-trade, consumables and raw materials for business, personal effects (except specified art and jewellery), certain agricultural land subject to municipal and distance criteria, and specified government bonds and gold-related instruments.


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