WorksheetsCapital Gains Tax Quiz
Total questions: 10
Worksheet time: 5mins
Capital gain is chargeable to tax under which section of the Income-tax Act?
Section 14
Section 45
Section 48
Section 55
Which of the following is NOT a capital asset?
Jewellery
Urban agricultural land
Rural agricultural land
Building
Transfer includes all EXCEPT:
Sale
Exchange
Gift
Compulsory acquisition
Cost Inflation Index (CII) base year is:
1991–92
1995–96
2001–02
2010–11
Bonus shares acquired after 1-4-2001 have cost of acquisition as:
Market value
Purchase price
NIL
Indexed cost
LTCG on sale of residential house is exempt under which section?
54
54B
54EC
54F
Maximum holding period for STCG on listed equity shares is:
36 months
24 months
12 months
6 months
Indexed cost is calculated using:
Sale year CII only
Purchase year CII only
Sale year ÷ Purchase year CII
Purchase year ÷ Sale year CII
Which exemption allows investment in NHAI bonds?
54
54B
54EC
54EE
Advance money forfeited after 1-4-2014 is taxable under:
Capital gains
Salary
Other sources
Business income
