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Economic and Social Development - 1
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To widen the tax net under capital gains, capital asset is being redefined so as to include:
(a) sculptures/figurines
(b) paintings
(c) archaeological collections
(d) literary books/scriptures
Which of the above do you not agree with?
AnswerClick to flip back
A
Only (d)
💡 Explanation:
Only art objects are being brought within the purview of the capital assets. Literary books do not fall in this category.