Multiple choice

Directions: Choose the correct option for the given question.What is true for short term capital gain tax as proposed in Union Budget 2008-09?

  1. It is raised from 10% to 12%

  2. It is raised from 12% to 15%

  3. It is raised from 10% to 15%

  4. It is retained at 10%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Union Budget 2008-09 proposed raising the short-term capital gains tax from 10% to 15%. This increase was part of broader tax measures and aimed to align short-term gains taxation with other income categories. Options A (10% to 12%), B (12% to 15%), and D (retained at 10%) do not match the budget proposal.

Keep practicing — related questions