From the sale of capital assets tax is levied on profits. What this tax is called ?

Related Mcqs:

Term the body of goods and monies from which future income can be derived ?

A. Net assets B. Solid asset C. Holdings D. Capital...

A bank deposit, that cannot be withdrawn before the date which is specified at the time of deposit, is called ?

A. Bond deposit B. term deposit C. time deposit D. Fixed investment...

What is called the excess of purchase price over fair market value of net assets that are acquired under the purchase method of accounting ?

A. Bonus B. Up level C. Goodwill D. Upgradation...

Reduction in the circulation of money resulting from fall of prices is known as ?

A. deflation B. inflation C. cost effective D. cost...

A tax which is paid by the person on whom the tax is incident is called a ?

A. Local tax B. Indirect tax C. Direct tax D. Rate...