Which among the following is not a capital asset?
A) Jewellery
B) Stock-in-trade
C) Agricultural land
D) Goodwill of a business
Correct Answer:
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Q7: The rate of depreciation applicable to intangible
Q8: The rate of depreciation applicable to furniture
Q9: The allowable depreciation on motor car is:
A)5%
B)25%
C)30%
D)40%
Q10: What is the additional rate depreciation on
Q11: The allowable rate of depreciation on computer
Q13: Under which section, a firm is eligible
Q14: Income from the sale of a house
Q15: Cost Inflation Index for the Financial Year
Q16: For being long term capital gain, the
Q17: Which among the following is not a
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