transfer of long term capital assets, management homework help

Capital gain of Rs. 75 lakh arising from transfer of long term capital assets will be exempt from tax if such capital gain is invested in the bonds redeemable after three years, issued by NHAI u/s 54EC of the Act.

A.

True

B.

False

C.

Cannot be said with certainty

D.

Is decided by the Assessing Officer

2,Deduction U/s 80G on account of donation is allowed to

A.

A business assessee only

B.

Any assessee

C.

Individual or HUF only

D.

None of the above

3.If good will of a profession which is self generated is transferred, there will

A.

Be capital gain

B.

Not be any capital gain

C.

Be a short-term capital gain

D.

None of the above

 
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