Shares in unlisted companies, in order to be treated as long-term capital asset, should be held for a minimum period of ____________ immediately prior to the date of transfer.

Related MCQs

• When the shares are held in unlisted company, it is treated as long term capital assets when the holding period exceeds
• Long term capital gain arising from transfer of unlisted securities in the hands of nonresident / foreign company is chargeable to tax at
• 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
• 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:
• Gift of a capital asset is not considered as transfer, however exception is:
• U/s 54, capital gain will be allowed as exemption if the house property under transfer is held for
• 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:
• Cost of acquisition of capital asset being immovable property acquired through gift covered u/s 49(4) is:
• Padmaja Power Co. (P) Ltd. is engaged in generation and distribution of electrical power. It avails deduction under section 80-IA. The gross receipts of the company is Rs. 89 lakhs. The last date for filing the return of income in order to be eligible to avail deduction under section 80-IA is ________________ . (Note: Assume there is no extension of time for filling the return of income)