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  9. Q151

JPSC 2021 · Question 151 of 198

Tax on sell of inherited property is

Indian Economy

  1. AIncome Tax
  2. BCapital Gain TaxCorrect
  3. CLand Tax
  4. DWealth Tax

Answer: B. Capital Gain Tax

Explanation

Profit on the sale of an inherited property is taxed as capital gains tax.

Source: JPSC Combined Civil Services (PT) 2021 (Advt 01/2021, held 19 Sep 2021), GS Paper-I (General Studies), Booklet Series-A; answers per official REVISED answer key (published 08 Oct 2021 on jpsc.gov.in, via JagranJosh), each cross-checked against factual records; Paper-I Q53.

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