For the purpose of computation of capital gain, securities transaction tax is:

Related MCQs

• When Mr. Avinash earned long-term capital gain of Rs. 1,80,000 on sale of listed shares, his total income being Rs. 10 lakhs, the amount of income-tax (including cess) on the said long-term capital gain would be _________ .
• Where a partner of a firm transfers any capital asset to the firm by way of capital contribution, for the purpose of computing capital gain in the hands of the partner, the amount of deemed consideration is
• Long term capital gain arising from transfer of unlisted securities in the hands of nonresident / foreign company is chargeable to tax at
• Income Computation and Disclosure Standards are to be applied in computation of income under the head:
• Tax payable by a resident individual, if he has long term capital gain of Rs. 2,60,000 but has no other income is:
• Tax payable by a non-resident individual, if he has long term capital gain of Rs. 2,60,000 but has no other income is:
• Short-term capital gain on sale of listed shares (STT paid) in a recognized stock exchange is chargeable to income-tax @ ______ %.
• The lock-in-period for capital gain bonds issued by National Highway Authority of India for the purpose of deduction under section 54EC is ________.
• Short term capital gain not covered u/s 111A is:
• U/s 54, capital gain will be allowed as exemption if the house property under transfer is held for