​Indian Economy Practice Set-VIII

Total Questions: 16

Consider the following statements:

  1. Capital Gain Tax (CGT) is imposed on the profits or gains resulting from the sale of capital assets, including land, buildings, houses, jewelry, patents, and copyrights.
  2. Securities Transaction Tax (STT) is a tax applied to gains from transactions on the domestic stock exchange involving securities such as equities, options, and futures.
  3. The Commodities Transaction Tax (CTT) is imposed on buyers and sellers of exchange-traded non-agricultural commodity derivatives in India.

How many of the above statements is/are incorrect?

A
Only one
B
Only two
C
All three
D
None
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