If the aggregate fair market value of prescribed movable property received by a taxpayer as gift during the year is Rs.1,50,000, tax will be charged on ______. a) Rs.1,00,000 b) Rs.50,000 c) Rs.1,50,000 d) Rs.0

If the aggregate fair market value of prescribed movable property received by
 a taxpayer as gift during the year is Rs.1,50,000, tax will be charged on ______.
a) Rs.1,00,000
b) Rs.50,000
c) Rs.1,50,000
d) Rs.0
by

1 Answer

Answer :

c) Rs.1,50,000
by

Related questions

Karan bought 1000 share of ABC Limited at Rs.910 through his broker excluding brokerage and taxes. However, the current market price of that share is Rs.915. Here, the amount of Rs.915 reflects ____________. a) value of share b) cost of investment c) investment value d) price of transaction

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Last Answer : a) value of share

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Last Answer : to the extent of capital gain invested in the house property

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Last Answer : a) Enterprise

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Last Answer : b. Capital market

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Last Answer : c) market

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Last Answer : b)70

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Which one of the following statements is correct concerning the weighted average cost of capital (WACC)? a) The WACC may decrease as a firm's debt-equity ratio increases. b) In the computation of WACC, weight assigned to the preferred stock is based on the coupon rate multiplied by the par value of the stock. c) A firm's WACC will decrease as the corporate tax rate decreases. d) The weight of the common stock used in the computation of the WACC is based on the number of shares outstanding multiplied by the book value per share.

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