Q1.
Under the Income tax act, 1961, AMC’s are exempt from tax.
Q3.
Sale of options in a recognized stock exchange will attract a STT of:
Q4.
If the option is exercised, STT would be:
Q5.
Sale of units of equity oriented fund by the scheme that has invested in it to the mutual fund will attract STT of _____ of repurchase price.
Q6.
Which of the following is true about Income distribution tax?
Q7.
Income distribution tax is applicable at _____% on individuals and HUF investing in liquid schemes.
Q8.
Income distribution tax is applicable at _____% on individuals and HUF investing in other debt schemes.
Q9.
Income distribution tax is applicable at _____% on investors other than individuals and HUF
Q10.
Dividends received in the hands of the investors is taxable in case of equity schemes.
Q11.
Dividend from debt schemes entails:
Q12.
The tax treatment of long term and short term capital gains is different for equity and debt schemes.
Q13.
If the units have been held for more than ______, it qualifies to be a long term capital gain.
Q14.
In equity schemes where the investor has borne STT on the sale transaction, the long term capital gains are:
Q15.
In equity schemes where the investor has borne STT on the sale transaction, the short term capital gains are:
Q16.
A scheme having corpus of 60% in domestic equities will attract no tax on long term capital gains.
Q17.
The investor can take the benefit of indexation in the case of long term capital gains in ETF-gold schemes on which the tax payable would be:
Q18.
The taxation on long term capital gain of debt schemes without considering indexation is:
Q19.
The taxation on short term capital gains is dependent upon the tax slab of the investor.
Q20.
Speculation loss can be carried forward for ____ financial years.
Q21.
Speculation loss can be set off against any other kind of income.
Q22.
Short term capital loss can be set off against:
Q23.
Long term capital loss can be set off against:
Q24.
Long term capital loss arising out of sale of equity can be set off against:
Q25.
Short term capital loss can be carried forward for:
Q26.
In bonus stripping, the capital loss on the sale of original units:
|