McqMate
| Q. |
House property held for less than 36 months is . |
| A. | short-term capital asset |
| B. | projected capital asset |
| C. | exempted capital asset |
| D. | long-term capital asset |
| Answer» C. exempted capital asset | |
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Ritika Roy
8 months ago
The correct term is:
Short-Term Capital Asset — as per Section 2(42A) of the Income Tax Act
Short-Term Capital Asset — as per Section 2(42A) of the Income Tax Act
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