What is the primary definition of capital gains?

Profits from selling any asset Income from employment Interest earned on savings Dividends received from stocks

How are capital gains categorized based on the holding period?

Short-term and long-term Fixed and variable Tangible and intangible Domestic and international

What is the key difference in taxation between short-term and long-term capital gains?

Long-term gains are taxed at a lower rate Short-term gains are exempt from taxation Both are taxed at the same rate Long-term gains are not taxed

Which section of the Income Tax Act of India deals with exemptions on capital gains tax?

Section 80D Section 80C Section 80G Section 80E

What is the benefit of investing in a Capital Gain Account scheme?

Reduces capital gains tax liability Provides guaranteed returns Exempts investors from all taxes Offers higher interest rates than regular savings accounts

What is a common strategy to reduce capital gains tax burden?

Holding assets for a longer period Selling assets within a year Investing in high-risk assets Borrowing money to offset capital gains