Capital gain u/s 54 112a 15/2/23

Which of the following is not included in taxable income:

• (A) Income from smuggling activity

• (B) Casual income

• (C) Gifts of personal nature subject to a maximum of ₹ 50,000 received in cash

• (D) Income received in-kin

The amount deductible from a family pension is up to:

• (A) ₹ 15,000 or 1/3rd of family pension whichever is less

• (B) ₹ 15,000 or 1 /2 of family pension whichever is less

• (C) ₹ 10,000 or 1/3rd of family pension whichever is less

• (D) No deduction

Sec 45 related to

• A.) Capital assets

• B.) capitals gains

• C.) Assets

• D.) None of the above

Where total block of depreciable assets is transferred after 36 months, there will

• A) Short term capital gains or loss

• B.) short term capital gains

• C.) long term capital gains

• D.) None of the above

capital assets includes

• A.) deposit bonds

• B) stock in trade

• C) shares

• D) None of the above

indexation will be allowed in case of

• A) LTCG

• B) STCG

• C) Both

• D) None of this

How many types of capital gains are there

• A) 3

• B) 2

• C) 4

• D) None of the above