Podcast
Questions and Answers
In which of the following scenarios would the provision mentioned be applicable?
In which of the following scenarios would the provision mentioned be applicable?
- Transfer of a capital asset by a foreign company to an Indian company
- Transfer of assets between two unrelated companies
- Acquisition of capital asset through inheritance (correct)
- Sale of a capital asset by one individual to another individual
Under what circumstances would the provision not be applicable?
Under what circumstances would the provision not be applicable?
- Demutualization of a recognized stock exchange in India
- Transfer of assets from an Indian company to a foreign company (correct)
- Partition of a Hindu Undivided Family (HUF)
- Transfer of assets on liquidation of a company
Which situation does not fall under the purview of the provision mentioned?
Which situation does not fall under the purview of the provision mentioned?
- Capital asset acquisition through gift or will
- Transfer of assets between two unrelated companies (correct)
- Transfer of assets during a scheme of amalgamation
- Distribution of assets upon demutualization of a recognized stock exchange
When would the provision not apply according to the information provided?
When would the provision not apply according to the information provided?
Which of the following is NOT a valid scenario for the provision mentioned?
Which of the following is NOT a valid scenario for the provision mentioned?
Which situation would NOT trigger the application of the provision outlined?
Which situation would NOT trigger the application of the provision outlined?
Under which scenario would the provision not be triggered based on the provided information?
Under which scenario would the provision not be triggered based on the provided information?
Which scenario below is NOT covered by the mentioned provision?
Which scenario below is NOT covered by the mentioned provision?
When would the provision not be applicable based on the details provided?
When would the provision not be applicable based on the details provided?
Flashcards are hidden until you start studying
