Which of the following is not a requisite for charging income-tax on c – McqOptions

MCQOPTIONS

1.	Which of the following is not a requisite for charging income-tax on capital gains
A.	the transfer must have been effected in the relevant assessment year
B.	there must be a gain arising on transfer of capital asset
C.	capital gains should not be exempt u/s 54
D.	capital gains should not be exempt u/s 54ec
Answer» B. there must be a gain arising on transfer of capital asset

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