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RRB NTPC 2017 · Question 401 of 1076

Which one of the following best describes the term 'capital gains tax' in India?

  1. ATax on dividend received from corporate bonds.
  2. BTax on profit from sale of a capital asset during a year.Correct
  3. CTax on interest received from bank fixed deposits.
  4. DTax on profit from sale of shares held for more than 12 months.

Answer: B. Tax on profit from sale of a capital asset during a year.

Official answer key verified. Detailed explanation coming soon.

Source: RRB NTPC Tier-2 (CEN 03/2015) 17-Jan-2017 Shift-2 — solved paper with answer key · reliable-secondary

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