MCQ on Income from Capital Gains

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

A) Sec 4(24A)
B) Sec 4(22A)
C) Sec 2(42A)
D) None of the above

… Answer is C)
Sec 2(42A)
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A) Sec 2(29A)
B) Sec 2 (92A)
C) Sec 9(22A)
D) None of the above

… Answer is A)
Sec 2(29A)
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A) Sec 7(42)
B) Sec 2(47)
C) Sec 2(74)
D) None of the above

… Answer is B)
Sec 2(47)
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4. The computation of capital gains is u/s

A) 48
B) 49
C) 47
D) None of the above

… Answer is A)
48
Show Answer 5. Full form of STCG…..

A) Short term capital gains
B) Short term capital gold
C) Short time capital gain
D) None of the above

… Answer is A)
Short term capital gains
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A) 50C
B) 50D
C) 50B
D) None of the above

… Answer is C)
50B
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A) 45(2B)
B) 45(2A)
C) 45(A2)
D) None of the above

… Answer is B)
45(2A)
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A) 50
B) 51
C) 52
D) None of the Above

… Answer is A)
50
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A) Sec 45(8)
B) Sec 45(7)
C) Sec 45(6)
D) None of the above

… Answer is C)
Sec 45(6)
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A) Long term capital gains
B) Long term capital gold
C) Long time capital gain
D) None of the Above

… Answer is A)
Long term capital gains
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Manturanjan Sa

Jai Hind… Namaskar

Lecturer / Writer/ Blogger / Dancer.
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Founder of Income TaxPe, Shayari me Kahani and MCQ Questions.
Social Worker Co-founder of Kartabya Foundation(An animal, Social and Natural Welfare Organization.)