alleryStart learning →Which of these is an example of a capital asset under the Indian definition?
ARaw materials of a factory
BStock in trade of a shop
CGoodwill of a business
DConsumable stores of a firm
Answer & Solution
Correct answer: C. Goodwill of a business
Goodwill is an intangible property held by the assessee, so it is a capital asset, unlike inventory items.
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