ICAI has somewhere answered it as (b) and somewhere as (c) in its case study digest. What should be the right answer? And what should we do in exam ?
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This is case study 16 of ICAI’s case study digest. Why is the answer of 1st MCQ that is 16.3 is (c). It is nowhere mentioned in the case study. Why is the answer not (a)?
Why LTCG has been taxed at 20% ? Tax rate on LTCG should be 10%. The note below says, it is 20% assuming shares are listed. Even if they are listed, then also how 20% ?
Why loss of house property has been set off only to the extent of Rs.2,00,000 where the total loss is Rs.2,60,000 ??
How to calculate no.of shares in this question ?