capital gain

Tax on short term capital gain on sale of listed shares is

• A. 10%

• B. 15%

• C. 20%

• D. 30%

The rate of tax on LTCG in excess of Rs. 1,00,000 from equity shares or specified units covered u/s 112A shall be.......

• A. 5%

• B. 10%

• C. 15%

• D. 20%

The income tax rate on a long term capital gain for an individual is:

• A. 10%

• B. 20%

• C. 15%

• D. 30%

Exemption u/s 54EC is allowed for investment in

• A. Residential house

• B. Shares

• C. Bonds issued by government

• D. Bonds of NHAI and RECI

The sale of any long term capital asset and investment in specified bonds u/s 54EC on or after 01.04.2007, the exemption shall be restricted up to:

• A. 25 Lakhs

• B. 50 Lakhs

• C. 75 Lakhs

• D. 1Crore

A partnership firm sold a residential house. Under which section the firm can get exemption on long term capital gains?

• A. Sec 54

• B. Sec 54D

• C. Sec 54EC

• D. Sec 54 F