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sale, exchange or relinquishment of the asset; As per Section 2(47) of Income Tax Act, 1961, unless the context otherwise requires, the term “Transfer” in relation to a capital asset, includes- · the sale, exchange or relinquishment of the asset; or · the extinguishment of any rights in relation to a capital asset; or · the compulsory acquisition of asset thereof under any law; or · in a case where the asset is converted by the owner thereof into, or is treated by him as, stock-in-trade of a business carried on by him, such conversion or treatment; or · the maturity or redemption of a zero-coupon bond; or · allowing possession of immovable properties to the buyer in part performance of the contract; · any transaction which has the effect of transferring an (or enabling the enjoyment of) immovable property; or · disposing of or parting with an asset or any interest therein or creating any interest in any asset in any manner whatsoever.
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A man bought an article at 25% less of the marked price and sold it at 15% more than the marked price. Find the profit earned by him.
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A bought a laptop for Rs.15000. He spent 15% of the amount that he had paid for buying it for its repair. He then sold the laptop to B and earned a prof...
A invested Rs X in a scheme. After 6 months, B joined with Rs 7500 more than that of A. After an year, ratio of profit of B to the total profit was 3: 7...
A shopkeeper marked an article Rs. 540 above its cost price and sold it after giving a discount of 25% and earned a profit of 35%. Find the cost price o...
The selling price of an item, when sold at a 35% profit, is Rs. 168 higher than its selling price when sold at a 5% loss. If the ...
