What is the term for the profit made from selling a capital asset at a price higher than its purchase price?

Capital Gain Net Income Gross Profit Investment Return

Which of the following is NOT considered a capital asset?

Land for agricultural use in rural India A residential building Shares of a publicly listed company A piece of antique jewelry

What is the term for the profit earned from selling an asset held for more than 36 months?

Long Term Capital Gain Short Term Capital Gain Gross Profit Net Income

If an individual sells a residential property and invests the proceeds in another property within a specified timeframe, under which section of the Income Tax Act can they claim tax exemption on the capital gains?

Section 54 Section 54F Section 54EC Section 80C

What is the term used to describe the value received by a seller in exchange for a capital asset?

Full Value Consideration Cost of Acquisition Cost of Improvement Net Realizable Value