CA Inter Capital Gains — practice questions
30 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice CA Inter Capital Gains in the app →Unlisted equity shares of a company qualify as a short-term capital asset if held for not more than:For A.Y. 2026-27, short-term capital gains on sale of listed equity shares through a recognized stock exchangeLong-term capital gains on listed equity shares (STT paid on acquisition and transfer) are taxable under sectiWhich one of the following is NOT a capital asset under section 2(14)?The cost of acquisition of bonus shares allotted to a shareholder on or after 1.4.2001 is:The maximum exemption available under section 54EC by investing capital gains from transfer of a building in nThe cost of acquisition of self-generated goodwill of a business, for computing capital gains on its transfer,Movable property held for personal use is generally excluded from the definition of capital asset. Which of thA zero coupon bond held for 14 months before its maturity is:Agricultural land lies 4 km (measured aerially) outside the limits of a municipality whose population per the Units of a Specified Mutual Fund acquired on 1.6.2023 and sold after being held for 30 months produce:A trader converted a plot of land held as capital asset into stock-in-trade of the business during P.Y. 2023-2A domestic listed company buys back its own shares from a resident shareholder in December 2025. In the sharehAn intending buyer paid Rs 1,51,000 as advance for purchase of a house in August 2025 and later defaulted; theLand is sold for Rs 100 lakhs. Stamp duty value was Rs 109 lakhs on the agreement date and Rs 112 lakhs on theAn individual can claim exemption under section 54 by investing long-term capital gains from one residential hWhere only part of the net sale consideration of a long-term capital asset (not a residential house) is investFor determining whether capital gains on sale of bonus shares are long-term or short-term, the period of holdiIn a scheme of amalgamation, Mr. M's 2,000 shares in the amalgamating company are replaced by 1,000 shares of Indexation of cost under the second proviso to section 48 is available only where:A factory building was destroyed by accidental fire in March 2025 and the insurer settled the claim by paying A block of machinery (15% rate) had opening WDV of Rs 8,50,000 on 1.4.2025. New plant was bought on 30.11.2025Mr. X bought 300 listed equity shares at Rs 400 each in 2016 (STT paid). Their highest quoted price on 31.1.20In a slump sale of an undertaking owned and held for 5 years, which statement is correct?An individual earned long-term capital gains of Rs 12 crore on selling a residential house and bought a new reNet sale consideration on transfer of a long-term plot of land is Rs 9 crore, yielding capital gains of Rs 4.5A non-resident individual (aged 45) has agricultural income from rural land of Nil taxable effect and long-terA residential plot bought in 1995 for Rs 30,000 had a fair market value of Rs 1,40,000 and a stamp duty value An asset bought in June 2004 for Rs 50,000 was converted into stock-in-trade in November 2024 when its FMV wasA resident individual sells a building in January 2026 that was acquired in 2010. While computing the tax on t