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cash is a capital asset?

Ankush (Student) (1364 Points)

02 October 2017

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A capital asset is defined to include property of any kind held by an assessee, whether connected with their business or profession or not connected with their business or profession. It includes all kinds of property, movable or immovable, tangible or intangible, fixed or circulating.

meaining of cash wider or vast as compair to capital asset

cash is mode of exchange (currency ) require for every transaction

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RAJA P M ("Do the Right Thing...!!!") (127999 Points)
Replied 02 October 2017

Cash current Asset not on Fixed Asset

Ashwin Kumar (1234 Points)
Replied 02 October 2017

cash in terms liquid cash and cash equivalents................cash is a current asset

Ashwin Kumar (1234 Points)
Replied 02 October 2017

know the difference between Fixed asset and current asset.....fixed assets are assets that have a life over a period of one year and take a time more than a year to be realised.yeah investments maturing after a period of one year are also fixed assets whereas CURRENT ASSETS are assets which can be realised within a period of one year are current assets......even a one year maturing Fixed deposit is a current asset....even debtors , bill of exchange are current assets