A loss on the sale of jewellery is _______ under the head capital gain.

Related MCQs

• Gain arising from the disposal of _________ is taxable under the head capital gains.
• Capital loss u/s 37 is allowed as deduction for those assets the gain of which is___________.
• Gain from sale of shares of Private Limited companies is taxable under section_________.
• The capital gain is chargeable under of Income Tax Act.
• Capital gain tax shall not be chargeable on disposal of securities which are held for a period of __________.
• For the purposes of computing minimum alternate tax under Section 115B(a) of the Income Tax Act, 1961, the book profit need not to be increased by inter alia, the amount of deferred tax debited to the profit and loss account.
• Salary, bonus, commission or remuneration due to or received by a working partner from the firm is taxable under the head.
• Perquisite received by the assessee during the course of carrying on his business or profession is taxable under the head.
• Under the head Business or Profession, the method of accounting which an assessee can follow shall be:
• A person who derives his income by dealing in shares of private, unlisted and public limited companies are covered under the head.