The following shall be regarded as capital asset: – McqOptions

MCQOPTIONS

1.	The following shall be regarded as capital asset:
A.	gold jewellery held by jeweller as sit trade.
B.	securities held by fii as per sebi act, 1992, held as stock in trade.
C.	motor car held by motor car manufacturer as sit
D.	none of above
Answer» C. motor car held by motor car manufacturer as sit

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