Question map
Not attempted Correct Incorrect ★ Bookmarked
Loading…
Q116 (CAPF/2013) Economy › Government Finance & Budget › Government Finance & Budget

The Central Board of Direct Taxes (CBDT) in June 2013 has specified a value for the cost inflation index of 2013-1 4. In this regard, which of the statements given below is/are correct? 1. There has been a rise in the cost inflation index over the year 2012-1 3. 2. The cost inflation index helps in reducing the inflationary gains, thereby reducing the long-term capital gains tax payout for a taxpayer. Select the correct answer using the code given below.

Result
Your answer: —  Â·  Correct: C
Explanation

Explanation intentionally skipped due to low exam relevance today.

How others answered
Each bar shows the % of students who chose that option. Green bar = correct answer, blue outline = your choice.
Community Performance
Out of everyone who attempted this question.
100%
got it right
✓ Thank you! We'll review this.

SIMILAR QUESTIONS

CDS-II · 2006 · Q79 Relevance score: -1.43

Consider the following statement s about 11 Finance Commission 1. It was constituted to go recommendations on specified aspects of Centre - State fiscal relations during 2005- 2010. 2. It has recommended that the share of states in the net proceeds of share alike Central taxes shall be 50%. Which of the statements given above is/ are correct ?

CDS-I · 2024 · Q102 Relevance score: -2.12

Which of the following statements is/are correct? 1. A price index captures the change in the average price of a constant basket of commodities. 2. If the price index takes values 100, 110 and 121 in three consecutive years respectively, then the inflation rates in the 2nd and 3rd years are 10% and 21% respectively. Select the correct answer using the code given below.

IAS · 2015 · Q2 Relevance score: -3.06

With reference to the Fourteenth Finance Commission, which of the following statements is/are correct? 1. It has increased the share of States in the central divisible pool from 32 percent to 42 percent. 2. It has made recommendations concerning sector-specific grants. Select the correct answer using the code given below.

IAS · 2005 · Q48 Relevance score: -3.42

Consider the following : 1. Global Trust Bank has been amalgamated with the Punjab National Bank. 2. The Second report of the Kelkar Committee dealing with direct and indirect taxes has maintained its original recommendation including the abolition of exemptions relating to housing loans. Which of the statements is/are correct?