Start learning →

Which personal-use movable property still counts as a capital asset?

AFurniture
BGold jewellery
CA scooter
DA refrigerator
Answer & Solution
Correct answer: B. Gold jewellery
Personal effects are excluded, but jewellery of gold, silver or precious stones is specifically kept as a capital asset.
Practise this question with Quill — CA Inter →

Keep practising Capital Gains

Browse all Capital Gains questions for CA Inter, or explore more Taxation topics.

Start a Capital Gains lesson →
Related questions