alleryStart learning →From AY 2023-24, property under section 56(2)(x) also includes which asset?
ARaw material stock
BAgricultural produce
CVirtual digital asset
DClosing stock of goods
Answer & Solution
Correct answer: C. Virtual digital asset
The Finance Act 2022 substitution widened the meaning of property to take in virtual digital assets from 1 April 2023.
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