Section 45 1A of Income-tax Act - 1A) Notwithstanding anything contained in sub-section (1), where any person receives at any time during any previous year any money or other assets under an insurance from an insurer on account of damage to, or destruction of, any capital asset, as a result of— (i) flood, typhoon, hurricane, cyclone, earthquake or other convulsion of nature; or (ii) riot or civil disturbance; or (iii) accidental fire or explosion; or (iv) action by an enemy or action taken in combating an enemy (whether with or without a declaration of war), then, any profits or gains arising from receipt of such money or other assets shall be chargeable to income-tax under the head "Capital gains" and shall be deemed to be the income of such person of the previous year in which such money or other asset was received and for the purposes of section 48, value of any money or the fair market value of other assets on the date of such receipt shall be deemed to be the full value of the consideration received or accruing as a result of the transfer of such capital asset
A gold ring is sold for Rs.24,400 at a loss of 60%. What is the cost price of the gold ring?
Anu sells articles A and B for ₹4,000 each, with no loss or profit in the entire transaction. If A is sold at a 25% profit, then B is sold at a loss of:
Pooja purchased a laptop at the price of Rs. 80,000 and sold it at a loss of 10%. With this money, she again purchased a new laptop and sold that at a p...
A seller priced a bag of rice 50% higher than its cost price and later sold it after applying a 20% discount. If the profit made by the seller was Rs. 4...
A person sold a house at 15% Profit. If he had purchased it for 25% less and sold it for Rs 48 less, then there would have been a profit of 32%. Find th...
A shopkeeper earns a profit of 30% by selling an article. What would be the approximate percent change in the profit percent, if he had paid 20% less an...
Suman sold two items, each for Rs. 2,500. She made a profit of 25% on the first item and incurred a loss of 16.67% on the second item. Calculate the tot...
Ratio of Cost price to selling price of a book is 5:6 and ratio of selling price to marked price is 4:5. Marked price of the book is by what percent mo...
A shopkeeper bought 80 identical books priced at Rs. 320 each. He spent a total of Rs. 3600 on transportation and packaging. He put the label of...
A trader buys two types of smartphones at different prices: 10 smartphones at ₹25,000 each and 5 smartphones at ₹30,000 each. If the trader sells al...
