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NEW QUESTION: 1
Section B (2 Mark)
Mr. Rai has received a house under a will on death of his uncle in the financial year 1985-86. His uncle purchased the house on 1-4-1968 for Rs.7 lakh. Mr. Rai has sold this during the financial year 2011-12 for Rs.62 lakh. Calculate the taxable amount of capital gain if the fair market value of house as on 1-4-1981 is Rs.20,00,000/- CII-12-13: 852,11-12: 785,10-11:711]
A. Nil
B. 0
C. 1
D. 2
Answer: A

NEW QUESTION: 2
Which of the following file in Novel GroupWise stores information about user accounts?
A. ngwguard.db
B. PRIV.STM
C. gwcheck.db
D. PRIV.EDB
Answer: A