A capital asset is defined as property of any kind held by an assessee. It need not be connected to the assesse’s business or profession. The term encompasses all kinds of property, movable or immovable, tangible or intangible, fixed or circulating. Land and building, plant and machinery, motorcar, furniture, jewellery, route permits, goodwill, tenancy rights, patents, trademarks, shares, debentures, securities, units, mutual funds, zero-coupon bonds etc. are all considered capital assets.[1][2]
- ^ "Public capital asset management: A holistic perspective". Emerald Insight.
- ^ "Asset Management and Capital Ownership on Firm Value: Through Profitability" (PDF). AFRE Accounting and Financial Review. 3 (1): 83–92. 2020.