Which of the following is not a capital asset for Mr. Rao who is employed in a public sector bank ?

CS Executive · Tax Laws and Practice · PYQS · December 2017
Which of the following is not a capital asset for Mr. Rao who is employed in a public sector bank ?
(A) Urban land
(B) Agricultural land within 2 kms from local limits of municipality
(C) Deposit certificate issued under Gold Monestisation Scheme, 2015
(D) Jewellery

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax

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