What is the primary factor that determines whether a capital gain is classified as short-term or long-term?

"Type of asset" "Purchase price of the asset" "Holding period of the asset" "Investor's tax bracket"

Which of the following is NOT considered a capital asset for tax purposes?

"Real estate property" "Gold and silver" "Raw materials used in a business" "Equity shares"

What is the holding period for an immovable property to be considered a short-term capital asset in India?

"Less than 12 months" "Less than 24 months" "Less than 36 months" "More than 36 months"

How is the short-term capital gain from the sale of a capital asset calculated?

"Sale value minus cost of acquisition" "Sale value plus cost of improvement" "Net sale consideration minus cost of acquisition and improvement" "Net sale consideration plus cost of acquisition and improvement"

What is the tax rate applicable to short-term capital gains from the sale of equity shares listed on a recognized stock exchange in India?

"10%" "15%" "20%" "Determined by individual's income tax slab"

Which of the following is a key difference between short-term and long-term capital gains tax in India?

"Short-term gains are taxed at a lower rate than long-term gains" "Short-term gains are taxed at a higher rate than long-term gains" "Short-term gains are always exempt from tax" "Long-term gains are always exempt from tax"

Can a short-term capital loss be set off against other income sources like salary?

"Yes, it can be set off against any income source" "Yes, but only up to a certain limit" "No, it can only be set off against other capital gains" "No, it cannot be set off against any other income source"