CAT Questions

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Capital Gains Tax on Property:

1. Short term,

2. Long term

Short Term Capital Gain on property is considered as a gain from selling a property which was held by you for less than 36 months. As a taxpayer, you are liable to pay tax on short term capital gain on property as per your applicable marginal income tax slab.

* Current Short Term Capital Gains tax rate is 30%.

Long Term Capital Gain

When you sell your property that is owned by you for more than three years, any gain arising from such sale will be considered as long term capital gain. Long term capital gain is calculated as the difference between net sales consideration and indexed cost of property.

* Current Long Term Capital Gains tax rate is 20%.

The process of copying dna is called Replication.

Sound intensity or level is measured by a unit called a decibel. An 85 decibel noise level is not a safe standard for the public.

Hence, Acceptable noise level for human ear is less than 85 db.

Energy can be transferred from one system to the other. The rate at which energy is transferred from one system to other system is called POWER. Energy transferred in one second is called a watt.

Bengaluru becomes the first Indian city to get its very own logo

• Much like New York and Singapore, Bengaluru is set to get its own logo, becoming the first Indian city to do so.

The primary agent of contact metamorphism is heat or temperature.

Let the present age of Ayush be x yr.

Present age of his son =

A company may also have various company codes across the different locations. There will be exchange of services between these company codes. These goods and services which are shared or exchanged between these company codes are bring to terms during the month end process. The exchange difference has to be settled by a company code in the way of money transfer.

This process is known as Intercompany Settlement.