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
Also Read Income Tax MCQ / Multiple Choice Questions on Taxation with Answers :
- Income Tax MCQ QUIZ Set-1 (Basic Concept)
- Income Tax MCQ QUIZ Set-2 (Income from Salary)
- Income Tax MCQ QUIZ Set – 3 (Income from Salary)
- Income Tax MCQ QUIZ Set – 4 (Income from salary)
- Income Tax MCQ QUIZ Set – 5 (Income from Salary)
- Income Tax MCQ QUIZ Set – 6 (Income from House Property)
- Income Tax MCQ QUIZ Set – 7 (Income from House Property)
- Income Tax MCQ QUIZ Set – 8 (Income from House Property)
- Income Tax MCQ QUIZ Set – 9 (Profits and Gains from Business or Profession)
- Income Tax MCQ QUIZ Set – 10 (Profits and Gains from Business or Profession)
- Income Tax MCQ QUIZ Set – 11 (Income from Capital Gains)
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