GK
ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following profits are capital profits?
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Profit made on redemption of debentures
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Premium received on issue of shares or debentures
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Profit set aside for redemption of preference shares
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All of the above
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Explanation:
Detailed explanation-1: -Capital gains and other investment income differ based on the source of the profit. Capital gains are the returns earned when an investment is sold for more than its purchase price. Investment Income is profit from interest payments, dividends, capital gains, and any other profits made through an investment vehicle.
Detailed explanation-2: -Detailed Solution. The correct answer is Tax.
There is 1 question to complete.