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Commerce · Q566

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 566

Q566

Which of the following statements are correct in context of short-term capital gains?

A.
An asset held for a period of 36 months or less is a short-term capital asset
B.
The criteria of 36 months have been reduced to 24 months for immovable properties such as land, building and house property from FY 2017-18
C.
Both A and B
Answer
D.
None of the above

Answer: Option C

Solution

Answer: Option C
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