Pending professional review. This content was drafted with Claude from official sources and has not yet been reviewed by an ArthaKara professional. Verify against the official sources before relying on it.
Simple meaningProperty of any kind held by a person, with listed exclusions.
Relevant ActIncome-tax Act, 1961
Section / ruleSection 2(14)
Technical meaning
Property of any kind held by an assessee, including securities held by FPIs, but excluding stock-in-trade, personal effects (other than specified items) and rural agricultural land.
Practical example
Shares, land and gold held as investments are capital assets.
Related terms
Official reference
Income-tax Act, 1961, Section 2(14)
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