Editing Capital asset (section)

{{Short description|Property of any kind held by an assessee}}
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 asset|intangible]], fixed or circulating. Land and building, plant and machinery, motorcar, furniture, [[jewellery]], route permits, [[goodwill (accounting)|goodwill]], tenancy rights, [[patents]], [[trademarks]], [[shares]], [[debentures]], [[mutual funds]], [[zero-coupon bond]]s are some examples of what is considered capital assets.<ref>{{cite journal |title=Public capital asset management: A holistic perspective |date=2017 |url=https://www.emerald.com/insight/content/doi/10.1108/JOPP-17-04-2017-B002/full/html |publisher=Emerald Insight|doi=10.1108/JOPP-17-04-2017-B002 |last1=Lu |first1=Yaotai |journal=Journal of Public Procurement |volume=17 |issue=4 |pages=483–524 |url-access=subscription }}</ref><ref>{{cite journal |title=Asset Management and Capital Ownership on Firm Value: Through Profitability |journal=AFRE Accounting and Financial Review |date=2020 |volume=3 |issue=1 |pages=83–92 |url=https://eprints.unmer.ac.id/id/eprint/738/1/ARTIKEL.pdf}}</ref>