What is Capital Gain?

In simple terms, any gains or profits made from the sale of capital assets exceeding  the purchase price, constitutes capital gains. It includes profits from mutual funds, stocks, bonds, sale of real estate, sale of other assets, trading, etc. 

Capital Gain Taxes

There is no tax on capital gains upto a certain limit, exempted upto approx 1.25 lakhs per financial year. The tax rate on capital gains has been hiked to 12.5% as per the recent reports. The same keeps changing as we have this annual Financial Bill/ Budget. 

Capital Gain Tax Services

People who deal in stocks are often confused regarding their tax liability for the same. The reason being that they often fluff with the exemption or are unable to calculate their exact liability. For that purpose, Capital Gain Tax Services offered by Online Legal Query help pay the taxes as per the exact liability, without any risk of penalties or over-payment. 

How to avoid capital gains tax on sale of property?

The experts in Capital Gain Tax Services usually suggest that once a property is sold, another similar property should be bought in the same financial year to avoid tax liability. However, it is advisable to connect with the experts directly so that they can look at the thorough facts and transactions to suggest accordingly.