Question

luckyludo 2020
08.11.2020 . Accountancy - Secondary School
6 answered
1. Aman entered into an agreement with Brij
for sale of a building for 20 lakh in June, 2016
Aman received advance of 2 lakh.
Subsequently, the agreement was cancelled
and Aman forfeited the advance money. The
advance money is
(a) To be reduced from the cost of acquisition
(b) To be reduced from indexed cost of
acquisition
(c) Taxable as capital gains
(d) Taxable as income under the head 'income
from other sources
2 State which of the following statements is
correct in respect of obtaining in​

Answer 1

Answer:

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