Compensation received for loss of trading asset is a....................

Related MCQs

• Statutory limit for exemption of compensation received at the time of voluntary retirement (VRS) is.............................
• What is the time limit for holding of a Financial Asset, to be called Short Term Capital Asset?
• To be a long term capital asset, a non financial asset should be held more than................
• Compensation for cancellation of a licence by the government resulting in cessation of business is...................................
• The rate of depreciation on intangible asset is ......................
• Additional depreciation is allowed at half the rate, if the asset is used in the initial year for.................................
• If a depreciable asset is acquired and used for less than 180 days in a financial year, depreciation allowed on it is..............
• If STT is paid, then STCG tax on the transfer of capital asset is ..............................
• Which of the following is not a capital asset.
• Salary received by the manager of an agricultural farm is .................................