Cost of acquisition of self-generated asset is nil, the exception is:

Related MCQs

• When a capital asset was acquired on 01.04.1980 and sold in June, 2017, the cost of acquisition or the fair market value of the asset as on ------, at the option of the assessee is to be adopted for indexation purpose:
• Cost of acquisition of capital asset being immovable property acquired through gift covered u/s 49(4) is:
• Block of asset is required to be increased by an amount which is actual cost of the asset being covered u/s 35AD that amount is:
• Gift of a capital asset is not considered as transfer, however exception is:
• The time limit for acquisition or construction of self-occupied house property for claiming deduction of interest is:
• Deduction u/s 35AD is available in respect of expenditure on specified business provided such business commenced its operation on or after 01-04-2009 subject to an exception that:
• Income of REIF being a business trust by way of renting or leasing of an asset is exempt if:
• An individual purchased a painting on 01-11-2017 for Rs. 5,00,000 though fair market value of the asset is `5,25,000. Income taxable u/s 56(2)(x) is:
• Any income from an asset transferred to spouse without adequate consideration is clubbed in the hands of the transferor if:
• 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