The following shall not be regarded as capital asset:

A. Jewellery

B. Rural Agricultural land

C. Archaeological Collections

D. Personal residential house

The following shall be regarded as capital asset:

A. Jewellery

B. Sculptures

C. Archaeological Collections

D. All of the above

Rural area means any area which is outside-------------Kilometers from the local limits of the jurisdiction of a municipality or a cantonment board, if the population of municipality or cantonment board is more than 10,00,000.

A. 2 B. 4 C. 6 D. 8

Rural area means any area which is outside--------------------Kilometers from the local limits of the jurisdiction of a municipality or a cantonment board, if the population of municipality or cantonment board is more than .1,00,000 but not exceeding 10,00,000.

A. 2 B. 4 C. 6 D. 8

. Rural area means any area which is outside----------------------Kilometers from the local limits of the jurisdiction of a municipality or a cantonment board, if the population of municipality or cantonment board is more than 10,000 but not exceeding 1,00,000

A. 2 B. 4 C. 6 D. 8

Capital asset excludes all except

A. Stock-in-trade

B. Personal effects

C. Jewellery

D. Agricultural land in India

Transfer of which of the following assets will not be considered as capital gain -

A. Jewellery B. Gold deposit bonds C. Paintings D. Sculpture

Which of the following are included in the jewellery -

A. Ornaments made of gold, silver and platinum. B. Precious metals whether or not worked or sewn into any wearing apparel. C. Semi-precious stones. D. All of the above.

Which of the following are included in the jewellery -

A. Ornaments made of gold, silver and platinum. B. Precious metals whether or not worked or sewn into any wearing apparel. C. Semi-precious stones. D. All of the above.

. A short term capital asset means a capital asset held by the assessee for not more than:

A. 12 months immediately preceding the month of its transfer

B. 24 months immediately preceding the date of its transfer.

C. 36 months immediately preceding the date of its transfer.

D. None of the above.

. A short term capital asset means a capital asset held by the assessee for not more than:

A. 12 months immediately preceding the month of its transfer

B. 24 months immediately preceding the date of its transfer.

C. 36 months immediately preceding the date of its transfer.

D. None of the above.