Which out of the following is the capital asset?

CS Executive · Tax Laws · PYQS · December 2022
Which out of the following is the capital asset?
(A) A maruti dealer holding cars for sale
(B) A maruti dealer has honda city car for his personal use
(C) Jewellery held by a jeweller for his personal use
(D) Jewellery held by a jeweller which has been held as SIT

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax Act, 1961

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic