Home  >  Cost Accounting  >  CMA Final Exam: Direct Tax Laws & International Taxation

Mr. A acquired a house property on 12.3.1990 for 5 lakhs. He gifted the same to his brother on 16.5.1993, who gifted it to his son S on 22.7.2015, when the stamp valuation was 12 lakhs. S sold the house on 14.5.2016 for 24 lakhs, which was also the stamp duty value. For computing capital gain, the date of acquisition is

🎲 Try a Random Question  |  Total Questions in Quiz: 142  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
CMA Final Exam: Direct Tax Laws & International Taxation — practice the complete quiz, review flashcards, or try a random question.
🧠 Flashcards (fast review) 🧪 Practice Quiz ⚔️ Challenge a Friend 🥊 📊 View Stats

The syllabus (and study weightage):
A. Advanced Direct Tax Laws 50%
B. International Taxation 30%
C. Case Study Analysis 20%


Mr. A acquired a house property on 12.3.1990 for 5 lakhs. He gifted the same to his brother on 16.5.1993, who gifted it to his son S on 22.7.2015, when the stamp valuation was 12 lakhs. S sold the house on 14.5.2016 for 24 lakhs, which was also the stamp duty value. For computing capital gain, the date of acquisition is






ADVERTISEMENT
 
❤ If you liked Fatskills, consider supporting us by checking out The Life Manuals You Never Got.

🌈  Our mission is to help improve your scores in any subject and exam withonline quizzes, practice tests, study guides, & advice for students. Since 2018.
About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | What Should We Know?
Privacy | Terms |
Without work one finishes nothing. - Ralph Waldo Emerson
© 2026 Fatskills.com

All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.