​Indian Economy Practice Set-VIII

Total Questions: 16
1

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
Do You Want to Read More?
Subscribe Now

To get access to detailed content

Already a Member? Login here


Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.