Section A (1 Mark)
Real estate investments can be categorized into:
Section C (4 Mark)
Read the senario and answer to the question.
Nimita purchased 500 shares of ABC Ltd., a listed company at Rs. 45 per share on Sep. 15,2002. The company offered to buy back its shares on June 15, 2009 which Nimita accepted at a price of Rs. 75 per share on Jul 1, 2009. What is the tax liability in the hands of Nimita for this transaction for Assessment Year 2010-11? Cost inflation indices are 2002-03: 447 and 2009-10 632. (Ignore Education Cess)
Section A (1 Mark)
The concept of indemnity is based on the key principle that policyholders should be prevented from
Section A (1 Mark)
____________refers to the tendency of people to think of currency in nominal, rather than real terms
TESTED 23 Nov 2024
