Match the following provisions of the Income-tax Act, 2025: List IList II a. Long-term capital asset i.…
The matching is a-ii, b-iii, c-i, d-iv. The Income-tax Act, 2025 defines a long-term capital asset in section 2(67), addresses excluded incomes in section 11, defines the…
Choose your answer
Match the following provisions of the Income-tax Act, 2025:
| List I | List II |
|---|---|
| a. Long-term capital asset | i. Section 72(8) |
| b. Incomes not included in total income | ii. Section 2(67) |
| c. Cost Inflation Index | iii. Section 11 |
| d. Relief on reinvestment of capital gains from agricultural land | iv. Section 83 |
Answer and explanation
Correct answer A
The matching is a-ii, b-iii, c-i, d-iv. The Income-tax Act, 2025 defines a long-term capital asset in section 2(67), addresses excluded incomes in section 11, defines the Cost Inflation Index in section 72(8), and provides agricultural-land reinvestment relief in section 83.
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Karnataka SET (KSET)