Millionaire Mode

Taxation of Capital Gains

Question 1 of 15

In the context of capital gains taxation, what is the primary factor that determines the tax liability?

  1. The holding period of the asset
  2. The cost of acquisition of the asset
  3. The fair market value of the asset at the time of sale
  4. The net income of the taxpayer

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000