How are short- and long-term capital gains classified?

Taxes on short- and long-term capital gains are imposed depending on the asset. Capital gains on stocks and mutual funds are not taxed if they are held beyond 12 months. Short-term capital gains (under 12 months) are taxed at 15%.

Capital gains from a property sold within 36 months is added to the owner's income.

What incomes fall under ‘Income from other sources’?

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