Rajat purchased a car for his personal use for ₹ 5,00,000 in April, 2020 and sold the same for ₹ 5,50,000 in July, 2023. The taxable capital gains is ..........
CS Executive · Tax Laws · PYQS · December 2024
Rajat purchased a car for his personal use for ₹ 5,00,000 in April, 2020 and sold the same for ₹ 5,50,000 in July, 2023. The taxable capital gains is ..........
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Income Tax Act
Related Questions in this Topic
- Capital asset excludes all except ..........
- Loss from the activity of owning and maintaining race horses can be set off against .......... of the same assessment ye...
- Income of a minor child from a Fixed Deposit with a bank, made out of income earned from scholarship, is to be :
- In terms of Section 2(42A), listed securities are treated as long-term capital asset, if they are held for a period of m...
- Unabsorbed depreciation which could not be set off in the assessment year in which it arose, can be carried forward for: