capital gain

Cost of inflation index for AY 2021-22 is;

• A. 100

• B. 200

• C. 289

• D. 331

F.M.V. on 1.4.2001 is applicable to assets:

• A.Transferred prior to 1.4.2001

• B. Acquired prior to 1.4.2001

• C. Acquired after 1.4.2001

• D. None of these

Cost of improvement incurred prior to 1.4.2001 is:

• A. Indexed along with cost of acquisition

• B. Ignored fully

• C. Indexed separately

• D. None of these

Long term capital gain on sale of listed shares are

• A. Taxable

• B. Exempted

• C. Partly taxable

• D. None of these

Long term capital gain on sale of unlisted shares are

• A. Exempted

• B. Taxable

• C. Partly taxable

• D. None of these

Exemption u/s 54 is allowed for investment in

• A. Shares

• B. Land

• C. Another residential house

• D. Jewellery