ection 1221 of the tax code broadly defines a capital asset. Over time the courts have attempted to narrow that definition and eliminate confusion. Recently a Third Circuit Court of Appeals ruling ...

This analysis explains capital asset definition, computation rules, and exemptions under the Income-tax Act. Landmark Supreme Court rulings clarify when capital gains can and cannot be ...

Understanding what capital is and how it can be used to create value is vital to growing a business' or individual's net worth. Capital is an asset that can be used to create value and profits by ...

Capital investment refers to funds invested in a company or enterprise to further its business objectives. These investments are typically made in the form of financial assets, but they can also ...

This guideline provides guidance for capitalization, depreciation/amortization and construction in progress of capital assets purchased, constructed or developed ...