Tax Book 2023

Capital Gains Chapter- 12 year but does not exceed two years Where the holding period of an immoveable property exceeds two yea ...

Capital Gains Chapter- 12 2.5 Where the capital asset becomes the property of the person under a gift from a relative as defined ...

Capital Gains Chapter- 12 Example C Following information is related to Mr. K. (All amounts are in rupees) Capital asset Purchas ...

Capital Gains Chapter- 12 Is asset is a capital asset? No: Although gain shall not taxable under capital gains but may be taxabl ...

Capital Gains Chapter- 12 Where the holding period exceeds five years but does not exceed six years (^) 2.5% Where the holding p ...

Capital Gains Chapter- 12 (b) Banking company, a non-banking finance company and an insurance company subject to tax under the F ...

Capital Gains Chapter- 12 (a) a statement of investment s is filed with the Commissioner along with the return of income and wea ...

Capital Gains Chapter- 12 In respect of tax year 2012, for the period commencing from coming into force of this Schedule till Ju ...

Capital Gains Chapter- 12 No loss shall be recognized on disposal of the assets mentioned below: [U/s 38(5)] (i) A painting, scu ...

Capital Gains Chapter- 12  There shall be no tax if the securities are held for more than one year;  This section shall not ap ...

Capital Gains Chapter- 12 Where asset is a capital asset is a security as defined in section 37A(3). No: It may be chargeable to ...

Capital Gains Chapter- 12 Non-resident individual Not taxable [Section 11(6)] Capital Gains Exempt from tax: The following cap ...

Capital Gains Chapter- 12 MULTIPLE CHOICE QUESTIONS Q.1. Gain arising from the disposal of _____ is taxable under the head capit ...

Capital Gains Chapter- 12 Q.9. Gain from sale of shares of Private Limited companies is taxable under section_____. (a) 37 (b) 3 ...

Capital Gains Chapter- 12 (b) FTR (c) SBI Q.19. Capital gain tax shall not be chargeable on disposal of securities which are hel ...

Capital Gains Chapter- 12 (d) 39 Q.27 In case capital assets are acquired through inheritance, the cost of asset for the transfe ...

Capital Gains Chapter- 12 Q.35 Where the shares of a private limited company being as capital asset is disposed off within one y ...

Capital Gains Chapter- 12 PRACTICE QUESTIONS WITH SOLUTIONS Q # 1 An individual has disposed off his shares holding in different ...

Capital Gains Chapter- 12 Solution Rs. Rs. Shares of ABC (Pvt.) Limited: Consideration received 625,000 Less: Transferor cost on ...

Capital Gains Chapter- 12 Solution (i) Capital assets There are two categories of capital assets: 1. Capital assets other than s ...