Section 50C makes special provision for determining the full value of consideration in cases of transfer of

CS Executive · Tax Laws and Practice · PYQS · June 2015
Section 50C makes special provision for determining the full value of consideration in cases of transfer of
(A) Plant and machinery
(B) Land or building
(C) All movable property other than plant & machinery and computers
(D) Computers.

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax

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