Q. Which of the following is not a requisite for charging income-tax on capitalgains – (Solved)
1. the transfer must have been effected in the relevant assessment year
2. there must be a gain arising on transfer of capital asset
3. capital gains should not be exempt u/s 54
4. capital gains should not be exempt u/s 54ec
- a. the transfer must have been effected in the relevant assessment year