Under capital gains head of the Income Tax Act, the income from sale of Household Furniture is
A. | Taxable Income |
B. | Capital Gain |
C. | Revenue Gain |
D. | Exempted Income |
Option: D Explanation : Click on Discuss to view users comments. |
SDRs are popularly known as
A. | Currency Notes |
B. | Paper Gold |
C. | Silver Coin |
D. | Gold Coin |
Option: B Explanation : Click on Discuss to view users comments. |
When average cost is declining
A. | Marginal cost must be declining. |
B. | Marginal cost must be above average cost. |
C. | Marginal cost must be below average cost. |
D. | Marginal cost must be rising. |
Option: C Explanation : Click on Discuss to view users comments. |