Income Tax Law & Practice-II - Capital Gains

Income Tax Law & Practice-II - Capital Gains

University

5 Qs

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Income Tax Law & Practice-II - Capital Gains

Income Tax Law & Practice-II - Capital Gains

Assessment

Quiz

Arts

University

Medium

Created by

A Jegadishkumar

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Capital gain is classified into........ types.

a) Two

b) Three

c) Four

d) Five

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

State which of the following as not a capital asset.

a) Goodwill

b) Land and building

c) Plant and machinery

d) Stock

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Income from sale of rural agricultural land is

a) Taxable capital gain

b) Exempted capital gain

c) Taxable income

d) Long term capital gain

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If Unlisted securities are sold after 12 months, the capital gain arising from such sale is a

a) STCG

b) LTCG

c) Income from other sources

d) All of these

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Long term capital gain on sale of unlisted shares are

a) Taxable

b) Exempted

c) Partially exempted

d) Partially taxable