Which tax is paid on individual income from sales of assets?

Name: Which tax is paid on individual income from sales of assets?
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Capital gains tax is the tax imposed on the profit earned by selling an asset that was acquired at a lower price. It is applicable to assets such as stocks, real estate, and other capital assets. The tax rate varies based on factors such as the type of asset and the holding period.

Which Tax Is Paid on Individual Income from Sales of Assets