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

Related MCQs

• Any income from an asset transferred to spouse without adequate consideration is clubbed in the hands of the transferor if:
• While computing capital gain on sale of immovable property, full value of consideration shall be:
• 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 _________ .
• 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:
• 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:
• Long term capital gain arising from transfer of unlisted securities in the hands of nonresident / foreign company is chargeable to tax at
• For the purpose of computation of capital gain, securities transaction tax is:
• The lock-in-period for capital gain bonds issued by National Highway Authority of India for the purpose of deduction under section 54EC is ________.
• An employer has paid medical insurance premium of Rs. 12,000 in respect of a salaried employee drawing annual salary of Rs. 6 lakhs. The amount of perquisite charged in the hands of employee is
• For the purpose of claiming higher deduction u/s 24(b), while computing income of a self-occupied property, assessee is required to take: