Income Tax MCQ QUIZ Set – 12 (Income from Capital Gains)

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MCQ on Income from Capital Gains

Capital Gains Tax MCQs

1. Short term capital assets has been defined…..




Answer is C)
Sec 2(42A)

2. Long term capital assets has defined u/s



Answer is A)
Sec 2(29A)

3. Transfer of capitals assets has been defined u/s….



Answer is B)
Sec 2(47)

4. The computation of capital gains is u/s




Answer is A)
48

5. Full form of STCG…..




Answer is A)
Short term capital gains

6. Computation of capital gains in case of slump sale has been defined u/s



Answer is C)
50B

7. Transfer of security by depository u/s



Answer is B)
45(2A)

8. Transfer of depreciable assets u/s



Answer is A)
50

9. Transfer of capital assets being the units of UTI or other mutual funds comes u/s



Answer is C)
Sec 45(6)

10. Full form of LTCG



Answer is A)
Long term capital gains


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