Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
capital gain
See CAPITAL GAIN.
capital gains
See CAPITAL GAIN.
long-term capital gain
The profit realized from selling or exchanging a capital asset held for more than a specified period, usu. one year.
short-term capital gain
The profit realized from selling or exchanging a capital asset held for less than a specified period, usu. one year. ( It is treated as ordinary income under current federal tax law.