Which of the following is not a requisite for charging income-tax on capital gains
A. The transfer must have been effected in the relevant assessment year
B. There must be a gain arising on transfer of capital asset
C. Capital gains should not be exempt u/s 54
D. Capital gains should not be exempt u/s 54EC
Answer:A
Which of the following is not a requisite for charging income-tax on capital gains
A. The transfer must have been effected in the relevant assessment year B. There must be a gain arising on transfer of capital asset C. Capital gains should not be exempt u/s 54 D. Capital gains should not be exempt u/s 54EC