9 Questions
In which of the following scenarios would the provision mentioned be applicable?
Acquisition of capital asset through inheritance
Under what circumstances would the provision not be applicable?
Transfer of assets from an Indian company to a foreign company
Which situation does not fall under the purview of the provision mentioned?
Transfer of assets between two unrelated companies
When would the provision not apply according to the information provided?
Distribution of capital assets on partial partition of a HUF
Which of the following is NOT a valid scenario for the provision mentioned?
Transfer of assets between two unrelated individuals
Which situation would NOT trigger the application of the provision outlined?
Acquisition of capital asset through purchase from an unrelated individual
Under which scenario would the provision not be triggered based on the provided information?
Transfer of assets by an Indian company to a foreign company
Which scenario below is NOT covered by the mentioned provision?
Transfer of assets between two related companies in India
When would the provision not be applicable based on the details provided?
Acquisition of capital asset through a gift from an unrelated party
Test your knowledge on the rules related to assets acquired outside India by non-resident assessees and brought to India for business or professional purposes. Learn about the determination of the actual cost of the asset for tax purposes in such scenarios.
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