New assets acquired for claiming exemption u/s 54, 54B or 54D, if transferred within 3 years, will result in
A. | Short-term capital gain |
B. | Long-term capital gain |
C. | ST or LTCG depending upon original transfer |
D. | None of the above |
Option: A Explanation : Click on Discuss to view users comments. |
Income deemed to accrue or arise in India is taxable in case of
A. | Resident only |
B. | Both ordinarily resident and NOR |
C. | Non-resident |
D. | All the assesses |
Option: D Explanation : Click on Discuss to view users comments. |
Long term capital gains arising from units of debt-oriented equity funds for which securities transactions tax has been paid in a recognized stock exchange is exempt.
A. | True |
B. | False |
C. | Cannot be said with certainty |
D. | Is decided by the Assessing Officer |
Option: A Explanation : Click on Discuss to view users comments. |
Agricultural income is exempt provided the
A. | Land is situated in India |
B. | Land is situated in any rural area India |
C. | Land is situated whether in India or outside India |
D. | None of the above |
Option: A Explanation : Click on Discuss to view users comments. |
Loss from a speculation business of a particular A. Yr. can be set off in the same A. Yr. from
A. | Profit and gains from any business |
B. | Profit and gains from any business other than speculation business |
C. | Income of speculation business |
D. | None of the above |
Option: C Explanation : Click on Discuss to view users comments. |