Indexation is applicable to....................... – McqOptions

MCQOPTIONS

1.	Indexation is applicable to.......................
A.	sale of short term capital assets.
B.	sale of long term debentures.
C.	sale of depreciable capital assets.
D.	sale of long term capital assets which are not depreciable assets
Answer» E.

Discussion

No Comment Found

Related MCQs

Under the income- tax act, the incidence of taxation depends on......................
Unabsorbed depreciation can be carried forward for set off.......................
Residential status is determined for......................
Income Tax Act came into force on............................
Income by way of rent of agricultural land is ..............
Receipt of amount on maturity of LIC Policy is.............................
Compensation received for loss of trading asset is a....................
Compensation for cancellation of a licence by the government resulting in cessation of businessis...................................
Salary received by the manager of an agricultural farm is .................................
A citizen of India who goes abroad for the purpose of employment, he must stay in India at least for............................. days to become a resident