
Capital gain refers to the gain that one earns through the sale of a capital asset, such as real estate or stocks or bonds. Jodhpur Property.It is the difference between the sale price of the property and its purchase price. Depending on the period for which the asset was held, capital gains can be either long-term capital gains or short-term capital gains. Ready to Move flats in Jodhpur . Any immovable property held for more than two years is considered long-term and the profit on such sale is taxed at 20 per cent, plus cess and surcharge. However, a taxpayer may be eligible for exemption from long-term capital gains tax under certain conditions. can claim: