GLO_CWM_LVL_1 Exam Question 66

Tushar owns a piece of land situated in Patna (Date of acquisition: March 1, 1983, Cost of acquisition Rs.
20,000/- value adopted by Stamp duty authority at the time of purchase Rs. 45,000/-) On March 30, 2012 the piece of land is transferred for 4 lakh. Find out the capital gains chargeable to tax if the value adopted by the Stamp duty authority is 5.60 lakh. And X does not challenges it under the Stamp Act. However, he claims before the Assessing Officer that Rs. 5.60 lakh is more than the fair market value of the land. The assessing Officer refers it to the valuation Officer who determines Rs. 6.10 lakh as fair market value. [CII-12-13:
852,11-12: 785,10-11:711]
  • GLO_CWM_LVL_1 Exam Question 67

    Debt ratio is
  • GLO_CWM_LVL_1 Exam Question 68

    Rate of 15% pea compounded annually will be equal to ---------------- % per month.
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    Under pure flexible exchange rate regime, ________ is not maintained
  • GLO_CWM_LVL_1 Exam Question 70

    A "Mass Affluent" segment client has investible assets worth of